27 October 2009
In the rental agreement they didnt mention whether the owners have the share in HP OR NOT(the ratio)......but simply they are saying in rental agreement they should pay to the two parties Rs.8000/-P.M.(NOW TO WHOM AND WAT BASIS I HAV TO DEDUCT TDS..)PLEASE CLARIFY IT....THNKS IN ADVANCE.............//
28 October 2009
TDS is deductible only if payment of Rent is 1,20,000 or more p.a. If the owners have definite and ascertainable share in the property the said limit is applicable for each payee and TDS is not applicable.
CAclubindia
