A company has paid its office rent for the period Feb - April in Feb after deducting TDS e.g Rent Rs 100 TDS Rs10 Payment to landlord Rs90. The TDS is deposited with the govt by 7th March. The landlord rejects the payment and sends back the demand draft in April 1st week (Rs 90). He again reissues an invoice in April for the rent for the same period i.e Feb - April for Rs 200. The payment is made to the landlrd after deducting TDS Rs 20. Net payment Rs 180.
Please advise.
Can the TDS paid by 7th March (Rs 10), deducted from the TDS of Rs 20 and the net amount be submitted with the govt by 7th June? If not, how to deal with this.
CAclubindia
