Tax Deduction at source

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Nagendra Kumar

Nagendra Kumar (Querist)
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12 March 2008 We have to dedect Tds on Hotel Bill.so sir please tell me It comes under what section

R.V.RAO

R.V.RAO (Expert)
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12 March 2008 section 194I COVERS PAYMENTS OTHER THAN BY INDIVIDUALS AND HUF FOR HOTEL OR ACCOMMODATION TAKEN ON REGULAR BASIS.

AS PER CIRCULAR NO 715 DT.08-08-1995 ,TDS IS NOT REQUIRED IN CASE OF FOOD SERVED IN RESTAURENT IN THE NORMAL COURSE.
R.V.RAO

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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12 March 2008 INDIVIDUAL ARE NOT REQUIRED TO DEDUCT TDS

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CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
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12 March 2008 Payments made by persons other than individuals and HUFs for hotel accomodation taken on regular basis will be in the nature of rent subject to TDS under section 194-I

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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12 March 2008 HOTEL ACCOMODATIOM IS SUBJECT TO TDS U/S 194I BUT NOT THE FOOD SERVED IN RESTAURANT

CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Expert)
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12 March 2008 u/S. 194c AS tds Contractor not 194I it is not rent. It is for service charges. So, 194C applied

R.V.RAO

R.V.RAO (Expert)
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12 March 2008 AS PER SRI (DR) VINOD SINGHANIA'S DIRECT TAXES READY RECKONER (TAXMANN)IT IS TDS UNDER SEC 194I RENT AS EXPLAINED IN MY ANSWER ABOVE.
R.V.RAO