Why No Interest Need To Be Paid On Non Deduction Of Tax On Arrear Payment Of Rent ?

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We are paying a rent to a person after deducting the TDS at the applicable rates as per the IT Act. However the owner has increased the rent on 1st Nov 2008 with retrospective effect. (w.e.f. April 2008). We have deducted TDS at the applicable rates as per the IT Act on increased rents. My…