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TDS ON RENT

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(Querist)
07 September 2010 A property is taken on lease in the joint names of two persons and the same is sublet. The total rent per month is 18,000.00. Rent is paid to the joint account. Whether TDS is applicable?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 September 2010 Yes TDS to be deducted u/s 194I.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 September 2010 TDS deductible in case of amount to one payee is more than Rs. 180,000 p. m. per person.
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