TDS on Rent-Building Co-parcener
This query is : Resolved
03 March 2009
Agreement b/w company and building owner(karta called as 'A'), saying that rent payable p.annum is Rs. 2.52lacs, Agreement says that Rent disbursement should be as follows. A karta Rs.8000 PM, B wife Rs.8000 and C son (Major)Rs. 5000. What the TDS amount to be deducted u/s 194-I.? pls.give if any notification relating to this.
03 March 2009
If each co-parcener is having a definite and ascertainable share in the property, the limit of 1.20 lakhs p.a will apply to each of the co-parceners separately.
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