1) if the tenant is paying rent on building let out for commercial purposes with out deducting TDS, is the land lord liable to pay TDS on the payment received on account of rent. if so, when? or whether this is to be done at the end of the financial year at the time of filing returns?
2) as per the rent agreement, the rent is to be paid before every 10th of the month. penal interest will be charged on the belated payment of rent according to the agreement. in this case, how is the penal interest calculated, ie, on rent amount as per the agreement or on (Rent-TDS), ie, the amount that the landlord will actually receive from the tenant??
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