Tds on rent
This query is : Resolved
shoeb parwaiz
(Querist)
05 January 2019
Dear All,
I have took a shop on lease for Rs.50,000 per month. As per lease agreement there are three lessor A,B & C and they will distribute lease amount (i.e.Rs.50,000) in the ratio of 50%,25% & 25% respectively, however I have to issue chq in the name of A only.
Please enlighten should I file the TDS return on A's PAN or to file return on the PAN of all three lessor as per their ratio.
Regards
Shoeb
I have took a shop on lease for Rs.50,000 per month. As per lease agreement there are three lessor A,B & C and they will distribute lease amount (i.e.Rs.50,000) in the ratio of 50%,25% & 25% respectively, however I have to issue chq in the name of A only.
Please enlighten should I file the TDS return on A's PAN or to file return on the PAN of all three lessor as per their ratio.
Regards
Shoeb
CA R SEETHARAMAN
(Expert)
05 January 2019
File return on the PAN of all three lessor as per their ratio.
shoeb parwaiz
(Querist)
05 January 2019
Dear Sir,
Thanks for your prompt reply.
Regards
Shoeb
Thanks for your prompt reply.
Regards
Shoeb
KAVIRAJA ADDANGADI
(Expert)
06 January 2019
Issue rent cheques three lessor, you can deduct TDS for A, b& C not compulsory deduct to TDS Since Rent of B & C individualy not Cross rent More than Rs.180000/ PA
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