Tds on rent

This query is : Resolved

Mugdha (Querist)
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25 February 2017 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

CA R SEETHARAMAN (Expert)
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25 February 2017 You are liable to deduct TDS at 10% u/s 194 I. Deduct it now for the earlier period for the year and pay it.

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 February 2017 Yes, TDS on Rent applicable, you can deduct and pay TDS on Rent

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