TDS on rent of residential property owned by co-owners
I am a salaried individual, recently moved into a rented apt (just last month). There is only one registered agreement between Self and owner & his spouse as co-owner. I am currently paying a rent of Rs 62k per month. My owner is insisting on not deducting the TDS as the property is owned by him and his wife jointly. As per him, he is not liable to TDS as the rent will be split between him and his wife so it will be less than 50k pm threshold.
My Questions are as follows;
1. I understand that people split rent to avoid TDS but if I pay rent separately in 50:50 in two different bank accounts then as per my understanding it becomes two instances of rent (two rents) and I will be able to claim only one instance of rent under HRA. So splitting of rent will not help me. If I pay in lumsum then I am obliged to deduct TDS (u/s 194IB). Please confirm?
2. Since it is just a beginning of my rental, please suggest if there is any other way out to avoid TDS as my owner is really uncomfortable with TDS though I told him that he can always claim it in his tax filing (form 16C)
3. Will 15G/ H help me getting rid of my obligation? Because I just want to safeguard myself and don't want to face any scrutiny in future after all its payer's duty to deduct TDS.
Looking forward to your expert views..
Thanks in advance
Asked 6 months ago in Income Tax from Mumbai, Maharashtra