Tds Deduction

This query is : Resolved 

18 February 2009 If the company pays hotel rent for its visitors more than Rs. 120000. is it liable for the company deduct tds or not.

18 February 2009 Payment made to hotel accomodation taken on REGULAR BASIS will be in the nature of rent subject to tax deduction if such payment exceeds Rs. 120,000 in a F.Y.

Section 194I is not applicable in the case of rate contract agreement.



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