Confusion on tds
Querist : Anonymous
Mr. A & Mr. B owns a property in his name and charges Rent @ 25000/- P.m from a firm. (Equally share)
Mr. A & Mr. B owns another property in his name and charges rent @ 115000/- p.m from another firm (Equally share)
Query- Whether TDS would be applicable in both cases?
Or Only TDS will be applicable under scenario of Rent @ 115000/- P.m as it crosses threshold limit of Rs. 1.80Lacs
Whether it should be considered per Payer wise or consolidated amount will be considered for threshold limit
Please advise.
So if total payment to each cowner exceeds threshod limit he has to deduct TDS , he dont need to bother about how many properties he owns
Querist : Anonymous
Now m clear with the provision.
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