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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- One Post a Week Done Right Beats Seven Done Wrong
- Interest on SCSS
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
