Hi,
In India, the tenant or lessee, as opposed to the landlord or lessor, is generally responsible for deducting and paying TDS on commercial property rent. Any person, business, or corporation (aside from an individual or a Hindu Undivided Family) that is liable for paying rent to a resident landlord for commercial property is obligated to deduct TDS from the rental payment in accordance with the rules of the Income Tax Act, 1961.
Get all legal documents verified by the experts at NoBroker legal assistance serviceDeducting TDS and remitting the deducted amount to the government on behalf of the landlord is therefore normally required if you are a tenant or lessee making rental payments for commercial property.
I hope this helps:)
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WHO SHOULD BEAR TDS COST ON RENTED COMMERCIAL PROPERTY LAND OWNER OR TENANT?
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2023-07-10T07:46:33+00:00 2023-07-10T21:15:41+00:00Comment
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