Very most urgent- tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2018 If one single person paying rent 60k in total (15k to 4 shop co owner for same shop) . All shop co owner has own GST no. and raising separate invoice. should tenant should deduct tds @5% if rent amount is more than 50k but each co owner raising invoice and getting 15k pm.

CA Shreya Jagani

CA Shreya Jagani (Expert)
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12 April 2018 No if 4 different land owners receiving less than 50k in individual capacity than TDS u/s 194IB won't be applicable. As section states "Any person, being individual or HUF, responsible for paying to a resident ...."