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We paid advance rent of office for next 6 months, when
should we pay the TDS into bank, is it will monthly or it
will be in advance?
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Answer / moti
You must deposit tds before 7th day of next month. Rule is
when payment is made you have to deposit with in 7th day of
next month.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / aneil kumar chauhan
yes it should deposited on advance rent in advance
| Is This Answer Correct ? | 9 Yes | 1 No |
The rule for deducting TDS is, TDS is to be deducted at
time of Payment or booking the bill in account whichever is
earlier. In this case the payment of Rent is advance so,
Tds is to be deducted at the time of payment and deposited
within 7 day of the next month.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / kishore naik
Payment of TDS is to be deducted on payment of advance rent
because the rule say the TDS is to be deducted on payement
or on accruing the same in the books of accounts and hence
should be deducted on advance rent date.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / ashish sati
WHAT IS THE AGREEMENT WITH OWNER IS IMPORTANT .IF ITS
REFUND THE ADVANCE RENT THEN WE CANT DEDUCTED THE TDS BUT
ITS ADJUST MONTHLY 1/2 .THAN WE DEDUCTED TDS & DEPOSIT INTO
BANK.
THANKS & REGARDS
ASHISH SATI
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / muralidhar.y.n
Rent adnvance is current asset, there is no TDS when ever
you adjest the advance for clearing of rent balance then
only you have to deduct TDS and pay next month before 7th
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rikki
the TDS amount will payable on monthly basis, if you have
took advance rent, term of deposit of tds amount on payment
mode
| Is This Answer Correct ? | 1 Yes | 8 No |
if an organisation has deductd tds of consultancy and if that consultancy is not libal to pay tas for that financial period then the tax has already deducted by other organisation,then can that consultancy has a right to get the deducted tax return, and if yes what is the procedure to get the amount return
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