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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2011 We have Paid Rent 2,00,000 p.a , but the rent devided into three person (Mr.A Rs.1,20,000, Mr. B Rs.40,000 & Mr.C Rs. 40,000) then can I Deduct TDS For Rent (Very Urgent)

Ram Avtar Singh

Ram Avtar Singh (Expert)
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15 February 2011 if you are paying in single amount and receipt in single man/company then tds applicable

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 February 2011 No. TDS deduction is not required as the amount paid to individuals do not exceed the threshold limit.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 February 2011 If each of them have a definite and ascertainable share in the ownership of the property, Gupta Ji's view is O.K. Otherwise section 194I attracts.

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