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TDS on rent

This query is : Resolved 

05 January 2010 My client (partnership firm)has started its operations as a franchisee from 1st July, 2009 & he operates from a Mall.The rent agreement is in the name of the franchisor & hence rent receipt is in the name of franchisor.My client has not deducted the TDS on rent.Now it has got a PAN & is applying for TAN.
Pls tell me what would be the appropriate course of action.Thanks


06 January 2010 Your client can go ahed with the application of the TAN but the declaration as to the place of entity would be mentioned as rented premises and would be of no issue..as then he will be authorised to deduct tax and file the return of tax...and also claim the deduction and nbeed to pay the TDS as per he laws of Income Tax 1961...

08 January 2010 Thanks.


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