Tds on rent

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Hi All,

I wanted to know whether a partner, in his individual capacity, can pay rent of office space instead of the firm using the office space.

There are only 2 partners.

TDS shall get reduced from 10% (Firm) to 5% (Individual).

Is it doable? Or will there be repercussions?

Please provide your guidance.

 

Replies (1)
then show it as liability of the firm to pay partner for rent payment on behalf of the firm and TDs to be deducted at rate applicable on firm i.e.,10%


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