Tds on rent paid

Imran H Mansuri (Inter CA) (153 Points)

16 January 2017  

Hello All,

I have a query related to TDS on rent paid.

There are two friends, running a tuition class under ONE premise. Premise is on rent and rent is Rs. 3,00,000 p.a. to be paid by both equally.

So my question is whether they required to deduct TDS while making rent payment ?????

As limit of TDS on rent paid is Rs. 180000 p.a., and both pay rent of Rs. 150000 individually, so TDS provision will not attract. Am I Correct on this ???

Request to resolve my query ASAP.

Thanks.