TDS on Rent

This query is : Resolved

Manash (Querist)
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11 April 2009 Dear Experts,

If a same property is owned by more than one landlords & payment is making seperately. If we club together the payment it cross Rs.1.2 lacs per annum. bu individially, it does'nt.

Please suggest the TDS treatment.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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11 April 2009 Both the payments should be clubbed because of the specific wordings in the act that any person responsible for paying rent of more than 120000 in aggregate.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 April 2009 If there are a number of payees, each having a definite and ascertainable share in the property, the limit of Rs. 1,20,000/- p.a will apply to each of the payees/ co owners separately. Pl check whether your case fit into the above. If O.K no need to deduct tax.
Ref:- CBDT Circular no 715 reported in 215 ITR (St) 16 question no 21.

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