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TDS SECTION 194I


HANNAN SHAIK   26 February 2020

HANNAN SHAIK

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Sir I have a partnership firm, We pay pay rent around 3lacs per month, how to deduct TDS and which TDS return form to be filed... is 26q applicable ??? kindly clarify..

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RAJA P M ("Do the Right Thing...!!!")     26 February 2020

RAJA P M
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TDS applicable u/s 194I** & Rate of TDS 10%...
Yes... 26Q is applicable for the filing.

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Eswar Reddy S (CFO- at NHTF)     26 February 2020

Eswar Reddy S
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You must deduct Tds @ 10% u/s 194I and pay through challan no.281 under which tax code should be 94I

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HANNAN SHAIK   26 February 2020

HANNAN SHAIK

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THANKS ALL for quick response 🙏🙏

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Kapadia Pravin   26 February 2020

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Rent on what ? Building / Machinery etc
Rent for office premises ?
Rent for a use by Firm Partner ?
Rent to different parties

If rent payment to any party is upto 240000/- in aggregate per year then no TDS.

Break up of 3 lakhs with particulars is required to ascertain TDS applicability for each party.

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