i have received Rent of Rs.270000/-(net of TDS) in november for the period november 2009 to october 2010.
it is @ 25000/- per month.
Thus For the accounting year 2009-10 Rs.25000 for 5 months comes to 125000 & remaining Rs 175000 is for next accounting year.
My Question is that since total TDS deducted in 30000/- on entire Rs.300000/-, whether i should consider total Rent of RS.300000/- as income for the current accounting year as i am going to reduce my tax liability by this TDS of Rs. 30000/- ?
or anything else
CAclubindia
