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Rent paid to partner

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2012 Hi, Is rent paid by Partnership firm to one of the Partner is allowable and what is limit for non-TDS.
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@VaibhavJ

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@VaibhavJ (Expert)
15 December 2012 Hi

Yes it is allowed & limit for non deduction u/IT is Rs. 1.80 lacs p.a.

Thanks//Vaibhav
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