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TDS SECTION 194I

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292 Points Posted on 26 February 2020
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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On 26 February 2020 at 07:20 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 26 February 2020
TDS applicable u/s 194I** & Rate of TDS 10%...
Yes... 26Q is applicable for the filing.
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On 26 February 2020 at 08:13
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CFO- at NHTF
58280 Points Posted on 26 February 2020
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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On 26 February 2020 at 08:51
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292 Points Posted on 26 February 2020
THANKS ALL for quick response 🙏🙏
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On 26 February 2020 at 09:10
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17264 Points Posted on 26 February 2020
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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On 26 February 2020 at 14:55


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