hi experts
one of my client is paying 20,000 Rs office rent. but the land is registered joint ownership,even property and municipal tax payment also paid jointly in this case my client needs to be deducted the TDS while rent payment or not deducted the TDS. as per owner verbal communication both the owner of this property has showing this rent income as half -half in their IT return.in
this case the limit is not crossed of TDS
on rent. please advise us
As per TDS on rent - Section 194IB, the limit still stands as per the annual rent amount of more than Rs.2,40,000.
As the same is not exceeded, no need to deduct TDS.
CAclubindia
