TDS on Rent in case of Joint Owners

If you're paying rent to two co-owners and the total monthly rent exceeds £50,000, you are generally required to deduct Tax Deducted at Source (TDS). Even if you pay each owner separately, the total rent paid to all landlords is considered. Therefore, TDS must be deducted at the applicable rate, typically 5% in this scenario, and reported against both owners' PANs according to their share of the rent.