Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2018
RESPECTED SIR,
A AND B ARE THE CO OWNERS OF A PROPERTY. THE PROPERTY IS LET OUT TO A BANK.
TOTAL RENT OF THE PROPERTY IS RS.40000/- P.M AGGREGATING TO RS. 480000/-P.A .THE BANK WILL DEDUCT TDS ON RS.480000@10% AMOUNTING TO RS.48000.00
SIR, MY DOUBT IS IN WHOSE NAME BANK WILL ISSUE FORM 16A AND WHO WILL GET THE BENEFIT OF TDS OF RS.48000/- EITHER A OR B ?
PLEASE CLEAR MY DOUBT
WITH REGARDS
A AND B ARE THE CO OWNERS OF A PROPERTY. THE PROPERTY IS LET OUT TO A BANK.
TOTAL RENT OF THE PROPERTY IS RS.40000/- P.M AGGREGATING TO RS. 480000/-P.A .THE BANK WILL DEDUCT TDS ON RS.480000@10% AMOUNTING TO RS.48000.00
SIR, MY DOUBT IS IN WHOSE NAME BANK WILL ISSUE FORM 16A AND WHO WILL GET THE BENEFIT OF TDS OF RS.48000/- EITHER A OR B ?
PLEASE CLEAR MY DOUBT
WITH REGARDS
CA R SEETHARAMAN
(Expert)
11 January 2018
Ask the banker to deduct TDS in both the names and issue 16A in both names divided equally.
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