Paying rent from Company to Partnership Individual

TDS 323 views 2 replies

Accountant

90 Points Joined April 2009

we are private limited company, we have plan to rent a building for business, the rental place was belongs Partnership firm.

They want us to pay rent on name of individuals (two partner's name).

shall we pay rent from company to partnership firm individual..?

is it allowable..

please clarify.

Thanks & Regards

Fareed

Replies (2)

SEO Sai Gr. Hosp.

210818 Points Joined July 2016

No. you should pay the rent to the owner of the building. If owner is firm, you have to pay the rent to firm.

Accountant

90 Points Joined April 2009

Thank for your guidance ...!

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