The tax is to be deducted from rent paid by whatever name called, for hire of property (for instant, payments made by company, taking premises on rent but styling the agreement as a business center agreement, would attract the provision of Sec 194I) The incidence of deduction of tax at source does not depend upon the nomenclature, but on the contents of the agreement as mentioned in clause (i) of Explanation to Sec 194I.
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