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Tds on lease rent payment

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2 Points Posted on 03 June 2020
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/-
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On 03 June 2020 at 23:33 Report
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Practising CA
8954 Points Posted on 04 June 2020
20% without PAN.
30 Reply
On 04 June 2020 at 00:58
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Practising CA
8954 Points Posted on 04 June 2020
You should ideally deduct 20% in the name of wife. pan surrender is a long process.
30 Reply
On 04 June 2020 at 08:45
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4215 Points Posted on 06 June 2020
The best is to communicate the fact to the department at the earliest
12 Reply
On 06 June 2020 at 09:27


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