My Comapny Pay Rent of Rs.80,000/- form April 2016 But no TDS amount is collected, Paid and TDS returns are not filed. Also the payment made through cash. I am new employee. I just Joint on this month. So I recognized the mistake. What I do?
14 February 2017
Deduct the applicable tax from this month's rent and pay it along with interest and late filing fee. Otherwise disallow 30% of rent paid at the time of filing income tax return.
CAclubindia
