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TDS on Rent

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(Querist)
23 May 2009 Dear Sir,

As an indidual I had given on rent a primesses to a Multinational company on the monthly rent of Rs. 30,000.00

Kindly suggest can I request the rent payer not to deduct the TDS from the rent

With regards
Lalit
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 May 2009 You can suggest the tenant not to deduct tax provided the landlord's income from business/profession is less than Rs 40laks/Rs 10lakhs in the immediately preceding financial year in which rent is credited or paid.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
23 May 2009 No. Except if you obtain a certificate of non deduction from your assessing officer and furnish to the company
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 May 2009 I stand correctd. The error is regretted.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
23 May 2009 I agree with Mr. Sampat Jain.

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