25 February 2012
DEAR SIR OUR CO HAS BEEN PAID RENT TO VARIOUS HOTEL DURING OUR EMPLOYEE TOUR FOR ROOM RENT AND CONSOLIDATE HOTEL BILL RECEIVED WITH LODGING AND BOARDING CHARGES. IS TDS WILL BE DEDUCETD ON THESE BILL AND UNDER WHAT SECTION IT WILL BE DEDUCTED
25 February 2012
According to me it will be deductible u/s 194c. because u will claim this expenditure as office exp. or conveyance exp. or business promotion exp. as u can not charge this exp. as rent exp. second thing u can not deduct tds on rent because, there is no relation between owner or tenant.
25 February 2012
I would beg to differ from the view of Mr.Hardik for the reason being that though the accounting be made under any ledger head, "SUBSTANCE OF FORM" insists that the real payment is made towards rent and 194I shall be more appropriate and conservative approach as the TDS shall be deducted at a higher rate.
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