Dear Sir/Madam,
Rent Threshold limit is 180000 for deducting TDS. Is this provision applies if that payment made to 2 or more persons and payment to co-owners 100000 for each.
Thanks in Advance
Saikrishna Reddy S (57 Points)
15 September 2017Dear Sir/Madam,
Rent Threshold limit is 180000 for deducting TDS. Is this provision applies if that payment made to 2 or more persons and payment to co-owners 100000 for each.
Thanks in Advance
Deepak Gupta
(CA Student)
(15922 Points)
Replied 15 September 2017
If there are a number of payees, each having definite and ascertainable share in the property, the limit of Rs. 1,80,000 will apply to each of the payee/co-owner separately.
Circular No. 5/2002, dated 30-7-2002.