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TDS on rent by partnership firm

TDS 2380 views 2 replies

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

Replies (2)
Yes you have to deduct TDS under section 194IB
@ Roshan
TDS @ 10% is required to be deducted under section 194 I .

194IB is not applicable


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