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Tds on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2013 IS A FIRM LIABLE TO DEDUCT TAX AT SOURCE IF IT PAYS RENT TO ONE OF ITS PARTNERS' WHO LETS HIS PROPERTY TO THE FIRM?
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Ganeshbabu K

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Ganeshbabu K (Expert)
20 June 2013 Yes.TDS is applicable and deductable under section 194I if payment in financial year exceeds Rs.180000

Thanks & regards
Ganesh babu k
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