Tds on rent

HI ALL,

 

FOLLOWING IS THE CASE:-

WE HAVE A OFFICE TAKEN ON RENT FROM A,B,C & D THROUGH THEIR POA 'X'.

RENT AGREEMENT EXECUTED LIKEWISE.

RENT OF Rs. 20000 P.M. IS PAID TO 'X'.

ANNUAL RENT EXCEEDING RS.1.8 SO TDS IS DEDECUTED.

NOW THE POA HOLDER 'X' WANTS THE TDS CERTIFICATE TO BE ISSUED IN THE NAMES OF ORIGINAL OWNERS A,B,C&D. 

IS IT POSSIBLE???

PLEASE EXPLAIN.

 

THANKS

Replies (4)
Dear Neha, For this question you require to refer POA, if in POA it is clearly mentioned that right to receive rent is of 'X' then it will be treated as income of 'X' and in that case TDS certificate can be issued only in the name of 'X'.

While filing quarterly return whose PAN no you quoted? I guess it would be Xs pan No. since every month you are making cheque in name of Mr.X.

 

So tell Mr. X that TDS certificates will be issued in his name or issue TDS certificate in name of person whose PAN you quoted for quarterly IT return .

 

If you are issuing TDS certificate, you must have already deducted and deposited the TDS and filed TDS returns. What name and PAN number you have mentioned in filing TDS returns?

yes POA is very clear on 'X' receiving income.

 

 

 

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