Hi
We have an agreement with a landlord for one of our branch office on Nov 08 last year for Rs 12000/- pm, since the rent payment was within limits of Rs 120000/- we didn't deduct TDS till mar 09, later we started deducting TDS at 15.45%. The Land lord is disputing that since the agreement is for 11 months ie till oct 09, we should not deduct TDS and only if rental agreement is renewed then , the TDS for all previous month can also be deducted later. Is this going to lead us to tax evasion if we dont deduct TDS or the landlord is right in his stand?? Please advice me on this.
CAclubindia
