Tds

This query is : Resolved 

20 October 2012 Rent payment made to HPCL is liable to TDS deduction or not? please tell the related circular or provision

20 October 2012 Liable for TDS deduction following provisions laid down in Sec 194I. No special exemption.

20 October 2012 tds is not deducted when rent paid to government and entities whose income is exempt under clause 20 and 20(A) OF Section 10.


20 October 2012 Dear Navin Ji HPCL does not fall in any of the above category mentioned by you. Sec 10(20) is applicable for income of local authority. Sec 10(20A) is not available from AY 2003-04 onwards.
Please clarify..



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