Dear Friends,
One of my client is a partnership firm, and it pays Rs.80000.00 rent per month to an individual for the commercial space used for carrying on the business and the firm is not liable for Tax audit, hence can it deduct TDS u/s 194IB i.e.. TDS @ 5% per Annum.
Thank you,
Regards,
Roshan
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
