30 April 2013
Rent of a building - Rs.4,50,000/- is splitted and paid to different payees instead of paying to a single payee(in order to prevent TDS).The aggregate amount paid to different payees in the previous year is not exceeding Rs.1,80,000/- but the rent per month is greater than Rs.1,80,000 i.e.,Rs.4,50,000....are they correct in doing so ? Is it a tax evasion or tax planning?
CAclubindia
