A partnership Firm wihch is not auditable is liable to deduct tds on rent and contrace paid to party or not ?
and if answer is yes then he paid rent 24000 p.m. to owners (Three h.u.f) then should he deduct equal amt. of tds or is it ok to deduct tds amt from the one of the three owner of hte property
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Liable to deduct tds or not ?
Replies (1)
Hi Zeal,
A firm has to effect TDS even if it is not liable to tax audit. These relief if only for Individual and HUF.
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