TDS on Rent

This query is : Resolved

sanjay (Querist)
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04 January 2020 Sir
Pl advise
If partnership firm is paying rent of Rs.30000/- pm then is it liable to deduct TDS on it.. If yes then what will the tax rate.
Regards
Sanjay

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 January 2020 10% TDS applicable on it.

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sanjay

sanjay (Querist)
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14 January 2020 Sir
If the partnership firm is not deducting TDS on rent of Rs.30000/- and giving me full amount. Then what will be the consequences on my side? I will show the total income .
Pl advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 January 2020 No onsequenc on your side

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