Tds
This query is : Resolved
03 March 2014
Dear all,
please advise me, that if any company pays advance rent for next 4 years to farmers (to use their land) should tds be made on these payments. please advise in detail.
thanks
please advise me, that if any company pays advance rent for next 4 years to farmers (to use their land) should tds be made on these payments. please advise in detail.
thanks
03 March 2014
1. Section 194-I is applicable at the time of CREDIT or PAYMENT, whichever is EARLIER.
2. So if the payment EXCEEDS Rs. 1.8 lakhs per annum, then TDS is required to be deducted.
2. So if the payment EXCEEDS Rs. 1.8 lakhs per annum, then TDS is required to be deducted.
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