hi
I have a problem
i am paying rent for a party. the party has certificate for lower deduction and hence i am deducting TDS as prescribed and depositing the same. Now the party has mortgaged the property for which i am paying the rent. the party has asked me to pay his cheque in favour of the third party whom the property is mortgaged.
Now I have to make my monthly payment to the third party. so while deducting tds whom should i consider original party or the third party???? cheque will be issued in favour of the third party so i am confused?? also on whose name tds certificates will be issued at the end of the month????
CAclubindia
