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Discussion < Income Tax < TDS ON RENT AND INTEREST TO SAME PERSON
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students zone,CA Students
VIKASH


[ Scorecard :64 ]

One of my client has to make following payments

a) Interest of Rs.150000/= to Mr.A.

b) Rent of 10000/= to Mr.A.(same person)

Mr.A. furnishes 15G in respect of Interest and aks for payment without TDS and ask rent payment also without TDS as below Rs.120000/=

My Client asked Mr.A how can he submit 15G, as merged total of both the income is greater than maximum amount chargeable to tax.

Mr.A states he has expenses in relation to such income, hence his income will be below the maximum amount chargeable to tax.

My Client is confused whether he should accept the 15G or not

 

 








Deepika


[ Scorecard :84 ]

your client should accept 15G from deductee if he is saying that GTI will be less than exemption limit..

should nt deduct tds on interest.

deduct tds on rent.

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