TDS who is liable ?
Querist :
Anonymous
(Querist) 30 January 2010
This query is : Resolved
My first question is in case of a lease deed, as per law who shall pay the TDS (lessor OR leasee )?
Clarification : We have executed an agreement where the rent of the building is 15,500 which is for a period of 3 years. The lessor is not ready to pay the tds. What is the option to the lessee ? Will the tds amount will be refunded showing the tds certificate ?
I would appreciate any help on my above queries.
Thanks In advance
A V Vishal
(Expert) 30 January 2010
The lessee needs to deduct and pay the TDS on the rent payable/paid to the lessor. However, the lessor shall file his return of income and adjust/refund the TDS against his tax payment. Please clarify if the payment is being made to a single owner or to multiple owners.