Hello,
rent paid by partnership firm to one of partner for use of his buildind will be liable for tds?
Krutesh Patel (ACA) (727 Points)
24 July 2009Hello,
rent paid by partnership firm to one of partner for use of his buildind will be liable for tds?
vikram
(Articles)
(582 Points)
Replied 24 July 2009
the partnership firm must deduct the TDS on amt paid to partner,,,because tat building is used for carrying a business,,,then its a expense to the firm............
Biju Cheral
(Accounts Officer)
(39 Points)
Replied 25 July 2009
yes rent paid will be liable for deducting tax
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 25 July 2009
Yes, 194 I TDS on Rent is applicable
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