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TDS ON RENT

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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

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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
22 June 2011 If three separate agreements are made then no TDS is required to be deducted.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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