27 October 2010
This is a case of a property owned by more than one person i.e. there are joint owners. So Rent payment is Rs.60000/- which is divided as Jt. Owner 1 - Rs.30000 Jt. Owner 2 - Rs.15000 Jt. Owner 3 - Rs.15000
So as per present TDS rates from whom TDS will have to be cut.
Is the limit of TDS seen payment wise of expenditure i.e. Rs.60000 in our case or the payment received by receiverwise i.e. Rs.30000, Rs.15000 and Rs.15000 in our case.
CAclubindia
