11 January 2018
RESPECTED SIR, A AND B ARE THE CO OWNERS OF A PROPERTY. THE PROPERTY IS LET OUT TO A BANK. TOTAL RENT OF THE PROPERTY IS RS.40000/- P.M AGGREGATING TO RS. 480000/-P.A .THE BANK WILL DEDUCT TDS ON RS.480000@10% AMOUNTING TO RS.48000.00 SIR, MY DOUBT IS IN WHOSE NAME BANK WILL ISSUE FORM 16A AND WHO WILL GET THE BENEFIT OF TDS OF RS.48000/- EITHER A OR B ? PLEASE CLEAR MY DOUBT WITH REGARDS
CAclubindia
