05 April 2022
One godown was hired by our office on 1st April 2021 and paying monthly rent of Rs.30,000/-. 6(Six) brothers are owners of the Godown. 5 Brothers have given power of attorney to one brother for signing of the agreement and looks after the godown. Only One brother is receiving monthly godown rent in his bank account.
So, Annual Godown Rent is Rs.3,60,000/-
My question is that can we deduct TDS as per 194I i.e. 10% from the Godown Rent. One brother is receiving payments for income of six brothers
CAclubindia
