What should be the correct assessment year if um paying tds on rent for month of march to june 2016 for 4 months... whether 2 different challans have to be made for 2 diff assessment years or whether only assessment year 2017-18 is applicable..
2 Replies
Anwar Shaikh
(Accountant)
(182 Points)
Replied 07 June 2016
two seprate challan will require, bbecause year changed.
Taxhelp.com
(Professional)
(94 Points)
Replied 07 June 2016
Hi Kapil
Yes, two seperate challans will be required. One for March & another for April to June.
However, in case you have paid advance rent for 4 months before March, you will be required to deduct TDS on advance rent i.e. on whole 4 month. Example, you have paid in March 2016, you will deduct TDS in March 2016 for all 4 months and will deposit for AY 2016-17
Thanks
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