Can firm pay rent to partner ?
This query is : Resolved
13 December 2013
Hello everyone,
instead of transferring property into firm a partner wishes to give property on rent to the firm.
my questions ;
1. whether rent paid by firm to partner would amount to salalry/remueration for the purpose of section 40b. ?
2. If answer to above is NO then is Tax deduction mandatory if rent>180000 pa ?
waiting for the views of the experts.
instead of transferring property into firm a partner wishes to give property on rent to the firm.
my questions ;
1. whether rent paid by firm to partner would amount to salalry/remueration for the purpose of section 40b. ?
2. If answer to above is NO then is Tax deduction mandatory if rent>180000 pa ?
waiting for the views of the experts.
13 December 2013
Yes it is allowed.
.
TDS is mandatory if rent paid is >180000/pa.
.
.
TDS is mandatory if rent paid is >180000/pa.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
