TDS on Guest house Rent
This query is : Resolved
16 July 2021
TDS Provision taken in March 21 of Rs.115000/- @0.75% as ''Person" for Guest house maintenance, but when actual bill received it was guest House Rent including Maintenance changes, but Invoice who has booked in April 21 they have deducted as short deduction as follow.
Rs.115000 x 0.75% = 1125 (March 21 Provision)
Invoice booked Rs.115000 X 7.5% = Rs.11250.00 - Rs, 1125.00 = 10125.00 and base value also not change.
when we came for Q1 Return the find out this issue ..
pls. suggest what treatment it would be there pls.
Rs.115000 x 0.75% = 1125 (March 21 Provision)
Invoice booked Rs.115000 X 7.5% = Rs.11250.00 - Rs, 1125.00 = 10125.00 and base value also not change.
when we came for Q1 Return the find out this issue ..
pls. suggest what treatment it would be there pls.
CMA Poornima Madhava
(Expert)
16 July 2021
Difference of tax to be paid along with interest and TDS return for Q4 to be revised (if already filed)
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