28 February 2014
In an organisation rent paid is RS 18150/- per month, annually amounting to Rs 217800/-. As per the agreement rent is payable in advance every month i.e, on or before 10th every month. As per agreement cheque has to be drawn in favor of 2 parties at @ Rs 9075 each. DOESNT THE COMPANY HAVE TO DEDUCT AND PAY TDS ON RENT U/S 194I EVERY MONTH?
CAclubindia
