TDS on Rent
This query is : Resolved
11 April 2009
Dear Experts,
If a same property is owned by more than one landlords & payment is making seperately. If we club together the payment it cross Rs.1.2 lacs per annum. bu individially, it does'nt.
Please suggest the TDS treatment.
If a same property is owned by more than one landlords & payment is making seperately. If we club together the payment it cross Rs.1.2 lacs per annum. bu individially, it does'nt.
Please suggest the TDS treatment.
CA. B.SRINIVASULU
(Expert)
11 April 2009
Both the payments should be clubbed because of the specific wordings in the act that any person responsible for paying rent of more than 120000 in aggregate.
11 April 2009
If there are a number of payees, each having a definite and ascertainable share in the property, the limit of Rs. 1,20,000/- p.a will apply to each of the payees/ co owners separately. Pl check whether your case fit into the above. If O.K no need to deduct tax.
Ref:- CBDT Circular no 715 reported in 215 ITR (St) 16 question no 21.
Ref:- CBDT Circular no 715 reported in 215 ITR (St) 16 question no 21.
11 April 2009
I agree with Mr. Chackrapani
HUZAIFA HUSSAIN
(Expert)
11 April 2009
I GO WITH MR.CHACKRAPANI
11 April 2009
i also agree with mr. warrier
15 April 2009
i agree
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