TDS

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 February 2011 We have Paid Rent 2,00,000 p.a , but the rent devided into three person (Mr.A Rs.1,20,000, Mr. B Rs.40,000 & Mr.C Rs. 40,000) then can I Deduct TDS For Rent (Very Urgent)

15 February 2011 if you are paying in single amount and receipt in single man/company then tds applicable

15 February 2011 No. TDS deduction is not required as the amount paid to individuals do not exceed the threshold limit.


15 February 2011 If each of them have a definite and ascertainable share in the ownership of the property, Gupta Ji's view is O.K. Otherwise section 194I attracts.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries