Tds on lease rent

This query is : Resolved

R.AJITH KUMAR (Querist)
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06 March 2013 i am Lessee. As per Lease deed, Lease Rent is Rs.200000 per month. At the end of every month i have to pay only 50% of rent i.e Rs.100000 and At the end one year i have to pay remaining 50% of Rent i.e Rs. 12,00,000.
My Question is ,"At the end of every month, on what amount i have to deduct TDS?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 March 2013 TDS to be deducted on date of payment or credit whichever is earlier. If you are booking only 50% then TDS to be deducted on only 50% amount. If you are booking entire amount TDS to be deducted on entire amount.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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06 March 2013 as per practice:
you must be booking rent on monthly basis
then you must deduct TDS on that monthly. payment doesn't matter here. because it is monthly rent so book 2 lac pm and deduct TDS monthly.
but it depends on contract conditions.

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