Please tell me dat if a company is paying rent, as per the contract, for the quarter then whether company should deduct TDS on the month end on accrual basis or on time of payment??????
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TDS on rent paid for the quarter
Replies (4)
You can book the expenses every month deducting TDS, and pay TDS monthly, even if you will pay the actual rent after 3 months.
Is it cumpolsary to da the same way????? Cant TDS be deducted when paid by the company....
No, it is not compulsory. You can book your TDS liability when you actually pay rent, and deposit TDS accordingly. You will have plan ahead how you will deal with outstanding liabilities on 31st March.
Ok... Thanx....
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