Hello,
rent paid by partnership firm to one of partner for use of his buildind will be liable for tds?
4 Replies
vikram
(Articles)
(582 Points)
Replied 24 July 2009
the partnership firm must deduct the TDS on amt paid to partner,,,because tat building is used for carrying a business,,,then its a expense to the firm............
Biju Cheral
(Accounts Officer)
(39 Points)
Replied 25 July 2009
yes rent paid will be liable for deducting tax
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 25 July 2009
Yes, 194 I TDS on Rent is applicable
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
