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Tds

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(Querist)
20 December 2011 i have a contract wherein i am occupying the premises for a period of one year in exchange of rent...

Query is : In whicj Section the above transaction should fall.....194c or 194i ???
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 December 2011 Sec 194I will be applicable.

Rate of TDS 10%. If PAN not provided 20%. (TDS to be deducted on amount exclusive of service tax, if any)

Threshold limit180000/- p.a.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
20 December 2011 Yes, Agree With Expert,
Section 194I is Applicable on Rent on Properties.
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saurin

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saurin (Querist)
23 December 2011 ok....thanks.
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saurin

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saurin (Querist)
23 December 2011 ok....thanks.

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