TDS

This query is : Resolved

RAJASEKHAR (Querist)
Follow

24 October 2009 HI,

The only one rental agreement made between owner and lessee for the total rent of Rs.25000/p.m- out of this Husband will receive Rs.15000/p.m- and wife will receive Rs.10000/p.m-,now i am not getting the point to deduct TDS....To whom(either to both or to one person...total rent for the annum is Rs.300000) and on what basis....please clarify it ...thanks in advance.....

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
Follow

24 October 2009 deduct tax from both as per the revised rate of TDS ie.10% wef oct.09

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

25 October 2009 If there are number of payees, each having a definite and ascertainable share in the property, the limit of Rs. 1,20,000/- per annum will apply to each of the payees/ co owners separately. If the above conditions satisfies in your case, TDS is not applicable to wife.

Citation :- Circular No 715 reported in 215 ITR (St) 16.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASIM ATREY AND ASSOCIATES

ABHISHEK RATHORE

madhu sudan

Sapan Kumar Nayak

Ramulu Thakkalapally

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA