Sir, I have a partnership firm we pay rent around 3lakhs per month of which the rent is paid to different parties which sum up to 3lakhs. My question is whether we are liable to deduct TDS or not as we are not paying rent to one party only?? kindly reply..
Note : in case of building..
Thank you
Liable to Tds .You must deduct tax on each party @ 10%..
No of parties is not a criteria to deduct tax but total rent per person per annum is relevant
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