Rent paid to partner
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2012
Hi, Is rent paid by Partnership firm to one of the Partner is allowable and what is limit for non-TDS.
15 December 2012
Hi
Yes it is allowed & limit for non deduction u/IT is Rs. 1.80 lacs p.a.
Thanks//Vaibhav
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Yes it is allowed & limit for non deduction u/IT is Rs. 1.80 lacs p.a.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
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