A partnership firm is paying rent to a partner
This query is : Resolved
16 April 2026
if a partnership firm is paying rent to partner tds applicability AY 2026-27 and threshold limit
Dhirajlal Rambhia
(Expert)
16 April 2026
TDS under Section 194I applies to rent payments by any payer, including partnership firms, when paying rent to a partner (treated as any other payee). For AY 2026-27 (FY 2025-26), the threshold is Rs. 6 lakh annually (or Rs. 50,000 per month), as updated in Budget 2025.
TDS Rates for Rent
10% for land, building, or furniture/plant/machinery.
2% for plant, machinery, or equipment (other than land/building/furniture).
TDS Rates for Rent
10% for land, building, or furniture/plant/machinery.
2% for plant, machinery, or equipment (other than land/building/furniture).
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