18 December 2010
Please suggest me for below matter.
house Rent paid 20000/- per month, two months deducted tax, at the time third month rent agreement is cancelled and security amount(20000/-) is adjusted with rent for third month. Tax not deducted for third month. what can I do for this matter?
18 December 2010
Dear Friend As your advance securities deposit is investment for you and it is been adjusted for the rent but your tds liability will not be eliminated on the ground that you have adjusted your securities deposit , better to show that you have not deducted tax at source and paid it with interest @ 1% p.m and part of it and try to recover the same from the land lord otherwise you should paid with own. Thanks