09 February 2017
We are paying yearly licence fee to railways for the space occupied by our towers which is more than a crore. Do we required to deduct TDS under 194I
09 February 2017
as per explanation to section 194I
"Explanation.—For the purposes of this section,—
(i) "rent" means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any,—
(a) land; or
(b) building (including factory building); or
(c) land appurtenant to a building (including factory building); or
(d) machinery; or
(e) plant; or
(f) equipment; or
(g) furniture; or
(h) fittings,
whether or not any or all of the above are owned by the payee;"
so according to me if licence fee relates to any of the above ,tds will be applicable irrespective of the fact that payee i