20 May 2017
we have been paid rent to an individual of Rs.14850 p.m for 8 months in 2016-17, as per agreement rent increased by Rs.5150 p.m for last four months hence TDS should be deducted on whole the amount of year.
but we paid the increased rent for 4months in the month of May 17 after closure of2016-17 books of account.
At this time can we deduct TDS on whole 2016-17 rent or on which we have paid later increased amount.
kindly confirm
Regards
P.Srinivas
9030928277
21 May 2017
you have to deduct tds as per due basis and not paid. so you need to deduct it on whole year payment and deposit it before filling the return otherwise 30% will be disallowed in 16-17
CAclubindia
