Tds on rent


(Querist)
16 May 2019
For FY 2019-20; Rent agreement is made with Rs 34000/- per month for 11 months and mentioned three persons name in agreement.
Owner will raise invoice with three different name for example;
1st four months rent invoice issue with Mr. A (34000+34000+34000+34000= 136000)
2nd four months rent invoice issue with Mr. B (34000+34000+34000+34000=136000)
3rd three months rent invoice issue with Mr. C (34000+34000+34000=102000)
In above mentioned case owner want to get full amount of rent during the year. Is it possible to give full amount or need to follow compliance of TDS?


KAVIRAJA ADDANGADI (Expert)


Click to Talk 16 May 2019
If property belongs to joint owner, rent paid. Individual owner if Rent not exceed Rs.180000/- PA no needs to deduct TDS, ownership also play vital role, in order to avoid tds if owner Insist In different name than TDS applicable


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