party generate Rent Bill for Rs. 1,25,360.00 Dt. 30/04/20 but our Factory was Opened 20/05/2020 (for Covid 19 purpose) , now we want to payment this bill after deducted TDS. Please guide us 1) how to calculate interest 2) IF We book rent bill 20/05/2020 in accounts and calculate TDS Interest then it is right or wrong.....
1 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 July 2020
If You book the rent bill with deducting TDS in may month and You pay the TDS on or before due date (may month due date) then no need interest...
Bcoz, TDS deducted on May month. So, no need.
Bcoz, TDS deducted on May month. So, no need.
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