Tds on rent-property owned by 3 person ??

This query is : Resolved

CA Abhishek Singh (Querist)
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17 May 2014 Hello everyone,

a shop is owned by three persons A, B and C

My client has taken that shop on Rent and he pays monthly rent rs.50000/- as follows.
To A-Rs.20000 (240000 pa)
To B-15000 (180000 pa)
To C-15000 (180000 pa)

My question:
Is Tax required to be deducted on payment made to A,B,C ?

waiting for the views of the experts.

BabuRaj.P

BabuRaj.P (Expert)
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17 May 2014 Deduct tax @10% in respect of A only

AMIT MODI

AMIT MODI (Expert)
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18 May 2014 deduct tax @10% (while making payments/ credit to A only)

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