Interested to Buy Any Domain ? << Click Here >> for more details...
It means we have to pay all amount of TDS of 6 months in
next month.... m i correct?
- 2 Answers
- 4976 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
As per the Income tax Act,1961, Tax should be deducted at
the time of payment or credit to the account of the payee
whichever is earlier. Hence, if you have paid rent in
advance, you need to deduct the tax on it and remit to the
government before the due date falling in the following
month. If you have paid the advance in May,10, TDS should be
remitted in June on or before the due date for the 6 months.
In case you resort to remit TDS every month for the next
6monhts, as per the law you should pay interest on delayed
remittance of TDS to the govt. a/c.
For more info & confirmation, read the Chapter on Deduction/
Collection of Tax at Source in the 'Income Tax Act' or
'Income Tax Ready Reckoner' latest edition or consult a
Chartered Accountant or a Tax Consultant/Expert.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rikki
look if you made any aggrement about the rent payment then
tds amount will payable accorind to that aggrement....but
if you not then you will have to pay monthly tds on advance
payment of rent.......
| Is This Answer Correct ? | 3 Yes | 1 No |
What is the mode of payment of Entry Tax?
Managing Director personal income tax is company exp ? in which a/c ledger we should debit MD income tax amount ? Property tax is exp. or liabilities ?
what is sales tax-meaning,rates of various heads,procedure,all form of various sales tax heads, complete information about sales tax?
can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2008-09
what is the rates of depriciations for the year 2008-09 and how it is calculat?explain the methods of depriciations counting in asstes?
service tax
i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now? Please Suggest.
3 Answers Mahindra Holidays and Resorts India MHRIL,
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this?
23 Answers A Cube Solutions, HCL, Motorola,
Dear friends please let me know, what % of amount has deduct from vendors bill for civil supply and instollation work
plz any bdy tell me about use of vat form r1 & r2 & it's use?..........
DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes)
Audit 
