TDS ON RENT
This query is : Resolved
22 June 2011
XYZ PVT LTD COMPANY PAYING RENT ON OFFICE PREMISES TO THREE DIFFERENT INDIVIDUAL WHO ARE THE JOINT OWNER OF THE PERMISES. THE RENT AMT RS 8000 PER MONTH PER INDIVIDUAL JOINT OWNER. WHETHER THE COMPANY IS LIABLE TO DEDUCT TDS OR NOT ???? AS INDIVIDUALLLY NO OWNER EXCEEDED THE TDS LIMIT BUT THE PREMISES AS WHOLE EXCEDING THE LIMIT
KINDLY ADVISE AT YOUR EARLIEST
KINDLY ADVISE AT YOUR EARLIEST
22 June 2011
If three separate agreements are made then no TDS is required to be deducted.
22 June 2011
If the co- ownership can be legally established , no need to deduct tax.
Pl refer(question no 21) circular no 715 dated 8/8/1995.
Pl refer(question no 21) circular no 715 dated 8/8/1995.
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