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Tds on rent

This query is : Resolved 
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(Querist)
07 September 2011 Hi,

My client is a software company. They are paying rent on office building to a landlord which is a trust.

Out client is deducting TDS on rent as per the normal rates as the trust has not given any TDS exemption certificate.

So the Form 16 is to be issued in the name of the trust as per my understanding.

But the beneficiaries of the trust are of the view that as the income of the trust is exempt under income tax, the tax credit has to be given in the name of the beneficiaries. in other words the form 16 is to be issued in the name of the beneficiaries.

How is that possible? If possible, please let me know the concerned section to read it
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CS Bijoy

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CS Bijoy (Expert)
10 September 2011 NO that is not possible rent is paid on the office of the trust so it can not be shown in form 16 of beneficiary.
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