21 March 2011
In case of one client, the client when he entered into rent agreement has given a interest free deposit(equivalent to 6 months)which was 5 years before. Now the client from Oct 2010 is not paying the rent but he adjusting it against the deposit, by debiting the rent A/c & crediting the deposit A/c. Should TDS on rent be deducted?
CAclubindia
