Tds on Rent

CA Mohd Gouse (Chartered Accountant) (497 Points)

24 July 2008  

hello friends.

i have question to ask. there is one party to whom we pay Rent for Office premises  Rs. 30k p.m this year (F.Y 2008-09) we paid him Rs.1.2 lac for the period April to july 2008 on monthly basis.we have not deducted TDS becoz agrement for only this period only, \but now it extended to oct if we pay him rent then we need to Deduct party say don't Deduct Tds may rent in the name of my Wife or .in His aonther Company name.

is it Rite if we pay  Rent to other person without Deducting TDS....??? let me know........