TDS EXEMPTED LIMIT AND RATE ON RENT PAID BY A PARTNERSHIP FIRM

• The person (not being an Individual or HUF ) who is responsible for paying of rent is liable to deduct tax at source.
• TDS threshold for deduction of tax on rent is Rs 2,40,000 for the FY 2022-23 (the threshold limit was Rs. 1,80,000 until FY 2018-19).
• TDS on rent is required to be deducted at source at the time of credit of ‘income by way of rent’ to the account of the payee or at the time of payment, thereof, in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier.
• TDS on  Rent  paid for office Building is 10% 

Hence you being a partnership firm should deduct TDS @ 10% on OFFICE RENT PAID u/s.194I(b). if above conditions satisfies.

*** TDS threshold limit for deduction of tax on rent is Rs 2,40,000 for the FY 2023-24 (the threshold limit was Rs. 1,80,000 until FY 2018-19).