TDS on Rent

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This query is : Resolved

Ashish Kelkar (Querist)
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09 February 2011 Sir,
If the owner is having 3 godowns and given 2 godowns to Company "A" and one godown to Company "B" on rent of Rs.70000 per godown.
On an overall income of the owner crosses more than the threshold limit of Rs.180000 for all the 3 godown, will the company liable to deduct TDS?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 February 2011 Thershold limit based on entity so need to be considered in comoanywise. no need to deduct

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 February 2011 If receipts from one payer exceeds threshold tds deduction is required. In your case receipts from both the payer is less than the threshold limit of Rs 180000/- p.a. so tds not required to be deducted.

C.A.Javid Patel

C.A.Javid Patel (Expert)
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09 February 2011 Yes Ramesh Sir is right

1. Company A total Rs. 140000

2. Company B Total Rs. 70000

No Need to deduct

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