TDS on Rent

This query is : Resolved 

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

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.

23 May 2009 No. Except if you obtain a certificate of non deduction from your assessing officer and furnish to the company


23 May 2009 I stand correctd. The error is regretted.

23 May 2009 I agree with Mr. Sampat Jain.



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