Tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2014
whether tds is required to payment on rent of Rs. 5000000 by a partnership firm filing return u/s 44AD for the f/y2012-13
21 July 2014
yes under sec 194-i as it has crossed the threshold limit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2014
But we are filled the return u/s 44AD then liable to tax deduct ?
21 July 2014
tjat doesnt matter whether u opt for 44ad or not if tds is deductible then u need to deduct tds.
21 July 2014
TDS required to be deducted in the given case. Partnership firms are required to deduct irrespective of Tax Audit applicability.
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