Tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2013 Dear Sir,
Regarding TDS on Rent.
Rent per month Rs.40000/- (Rs.40000*12=480000)
Deductee payment for Rs.36000/pm
TDS deposit for Rs.4000/-

We have rent paid to deductee 2-3 months later. Eg. April to June Rent paid on 20th July for Rs.108000/- and TDS Deposit for Rs.12000/- on dated 20th July.
So, that i have to want to know, tds deposit per month against rent payable or against rent paid.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 October 2013 TDS applicable either accrual or payment which ever is earlier. so rent need to account monthly basis as accrual system of accounting.so tds also apply monthly