Amount is credited and tds is deducted but payment not made

This query is : Resolved 

18 October 2011 We Credited some amount and TDS is also deducted from that amount. TDS is paid within the time limit. But the Credited amount not yet paid. If is there any rule that once the TDS deducted from certain amount, that amount should be paid within 6 months or so? Example:
Rent Rs.3,00,000/- TDS is Rs.30,000/-
TDS of Rs.30,000/- deposited but the payment of Rs.2,70,000/-(3,00,000-30,000) not yet made.

18 October 2011 There is no such requirement in the Income Tax Act.

18 October 2011 sorry, i wrongly interpreted your question,,i agree with siddarth sir


18 October 2011 Vishal you have interpreted the question wrongly.

Udaya is asking about non payment of RENTAL and not non-payment of TDS.

He has mentioned in the question that TDS has been deposited.

The rental has not been paid.

20 October 2011 Thanks for the explanation Mr.Siddhartha.....



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