TDS on rent: no deduction where rent is paid or credited to a real estate investment trust business trust. The amendment inserts a proviso providing that no deduction shall be made where rent is credited or paid to a business trust, being a real estate ... Summary
TDS on rent: no deduction where rent is paid or credited to a real estate investment trust business trust.
The amendment inserts a proviso providing that no deduction shall be made where rent is credited or paid to a business trust, being a real estate investment trust, in respect of any qualifying real estate asset owned directly by such business trust, thereby removing the payer's obligation to deduct tax at source on such payments.
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