Dear All,
We are paying office rent a sum of24000/- as per rental agreement.
Rental agreement made between building owner Mr X and our office MD Mr Y
Already we paid rent for the period from Nov'10 to Mar '11 without deduct TDS Bcoz not exceeding 180000/-
Now we going to pay rent a sum of21600/- after deduct TDS @ 10%.
But Mr X ask rent without deduct TDS and split the rent as three parts of names including him. i.e (8000 x 3 Mr.X, Mrs.X & Mr.X's son)
Shall we deduct TDS r not? Pls tell me immediately urgent.
Advance Thanks & Regards
S Sathis kumar
CAclubindia
