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TDS on flat rent

Mageshvaran (Asst. Manager Finance) (29 Points)

10 August 2011

Our company paying Flat rent of29000/- p/month - to joint owners. (15000 &14000 )

do we have to deduct the TDS for both the parties or can we deduct TDS only for15000 (since total amount more than180000/- per annum

Please advice.

Regards

Magesh

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5 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 10 August 2011

Are you giving one cheque of Rs. 29,000/- or two cheques of Rs. 15,000/- and Rs. 14,000/- with different names? Are you getting two separate rent receipt?

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Jayendra Sahu (Student) (165 Points)
Replied 10 August 2011

No deduction of tax is required since threshold limit for rent is Rs.1,80,000/- per payee.

Mageshvaran (Asst. Manager Finance) (29 Points)
Replied 10 August 2011

Originally posted by : Mihir
	Are you giving one cheque of29,000/- or two cheques of15,000/- and14,000/- with different names? Are you getting two separate rent receipt?

We are paying two different cheques with different Names.

Mihir (Wealth Manager) (5293 Points)
Replied 10 August 2011

TDS deduction u/s 194I only when rent exceeds Rs. 180,000/- p.a. So you need not deduct TDS, however, the place rented is the same under both the payments. Let others share their opinion.

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