Tds on rent (194 i, 194ib
This query is : Resolved
10 February 2018
Dear Experts , we are trade union & pan is registered under Association of persons. My query is that we are paying office rent to 2 co- owners Rs 20,000/- from feb -2018 for block A & Rs 20000/-for block B . block A is owned by Mr. X & block b owned by Mr Y. leave & licence agreement registered in the name of AOP & Mr X & MR. Y Shall we deduct the tds or not if yes under which section 194I or 194 IB is applicable Please its very urgent
CA R SEETHARAMAN
(Expert)
10 February 2018
194I TDS applicable from 1st April 2018. For the current year the payment is within limit.
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