12 April 2014
Dear sir/ madam, I have paid advance rent of Rs.15000 for the month of April on 26th march, but not deducted TDS. But as per agreement it will be revised in the month of Dec and from then on wards the rent will increase to Rs.16500 p.m. Kindly suggest me what should i do and what is the due date for depositing the tds amount, is it will be 7th of April or i can carry it till 30th of april?
12 April 2014
TDS is to be deducted on Payment or Credit whichever is earlier. In your case TDS will be deducted on payment basis i.e on 26th March,2014. So it has to be paid on 7th Of April,2014.
When agreement will be revised, then revised amount of TDS will be deducted.
CAclubindia
