Unascertainable share in house property

This query is : Resolved

Aditi Iyer (Querist)
Follow

04 August 2014 I am liable to pay rent on house property. The contract mentions co-owners but does not mention the share of ownership. Further i am required to make entire rental payment only to one of the owners. The others have given an NOC to me allowing for such payment. Can I make this payment?
How do i deduct TDS? What is the TDS treatment?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 August 2014 you need to make an agreement mentioning the facts stated above for future legal refrence else u may be in trouble for non dedcution of tds correctly etc

Message likes : 1 times

Aditi Iyer

Aditi Iyer (Querist)
Follow

04 August 2014 Thank you sir. So, should I make payment only to one owner as per NOC and TDS shall be deducted on the basis of single owner?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 August 2014 tds should be deducted on the basis of no of onwers so u first execute an agreement

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anirudh Sharma

Ashif Cheenikkal

sandhya.v

Angadi & Co

S J MITRA

Subscribe Now

Unascertainable share in house property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA