23 May 2011
A Company paid the office rent to two persons (joint owner of the premises) at Rs. 13,650/- per month to each owner separately. The overall payment made annualy is comes at Rs. 3,27,600/- but individually comes at Rs. 1,63,800/-. It is eligible to TDS?
23 May 2011
If the bill is received in two different names and two different PAN are mentioned, TDS not required to be deducted. Limit will be considered payee wise.