TMI BlogTDS on JOINT ACCOUNTSX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi, We have rented our house to a Bank. Its a joint property (on my name and my brother). They are paying Rs/- 2,98,800 as rent for both of us (Rs/- 1,49,400 per person) annually. They are depositi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng this amount to our joint account. Bank people saying they need to deduct tax there. My question is 1) As the total amount does not exceed 2,50,000/- per person, should they deduct the TAX? 2) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... If they are deducting is there any provision to give TDS forms to me and my brother? Please help. Regards, SivaPrasad.B - Reply By Ganeshan Kalyani - The Reply = In my view the income slab of each ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... individual is considered separately to arrive at taxability. Therefore you may ask them why there are going to deduct TDS. Secondly if they deduct TDS then they are supposed to issue you TDS certi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficate in Form 16A . The claim of the certificate can be availed while filing of income tax return . Thanks - TDS on JOINT ACCOUNTS - Query Started By: - siva bevara Dated:- 26-4-2016 Income Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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