Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 19 May 2012
Clarity neede:
I pay rent 2,40,000 pa to my father. He shows 50% as rental income for his wife (my mother).
Please do reply.
sri .MBA,CS inter
(0)
(51 Points)
Replied 19 May 2012
If rental income shown as RS 120000 in name of your father and mother individually ,then TDS will not apply
TDS will apply only if rental income exceeds RS 180000 for each co owner of property
Hence no tds
sajid
(Auditor)
(214 Points)
Replied 19 May 2012
CAclubindia
