TDS
This query is : Resolved
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.....
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.....
24 October 2009
deduct tax from both as per the revised rate of TDS ie.10% wef oct.09
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
