Tds on lease rent payment

I am a banker. i have a query. landlord of bank premises has expired and his wife has no pan card. we are paying rent to his joint account with his wife..than how many percent tax will be deducted on payment of rent. Rent amount is 36000/-
Replies (3)
Quick Summary
A banker is seeking clarification on Tax Deducted at Source (TDS) for lease rent payments. The landlord's PAN card is unavailable, and rent is being paid into a joint account with his wife. The query addresses the applicable TDS rate in such scenarios, particularly when the rent amount is £36,000. The advice given suggests deducting 20% TDS in the wife's name and highlights the complexities of PAN surrender processes.

20% without PAN.
You should ideally deduct 20% in the name of wife. pan surrender is a long process.
The best is to communicate the fact to the department at the earliest

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details