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Tds on rent

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(Querist)
09 January 2014 Tds on Rent- suppose assets are owned by more than one person..... .eg. total rent Rs 30000 pm and Its owned by 5 people in this case tds is applicable or not
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@VaibhavJ

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@VaibhavJ (Expert)
09 January 2014 Hi

If you are issuing cheque in favour of single party then TDS to be done else no.

Thanks

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