18 February 2011
We have a rent agreement with two differant person for the same place(rent to be paid equaly). and the rent individualy is below the TDS exemption limit but it crosses the limit combined together. So whether to deduct TDS on hte same or not to deduct?
18 February 2011
No, Thershold limit is related to particualr payee not for place, so incase thershold limit is not crossed for each person no need to deduct TDS
CAclubindia
