TDS Deduction on Lease Rent
This query is : Resolved
25 February 2011
Sir,
I want to Know weather TDS Will Be Deducted in Annual Lease Rent which is Paid to MP AKVN (Bhopal) Ltd Which is a subsidiary of M.P. State Industrial Development Corporation Ltd. Bhopal, (Formerly MPAVN Ltd., Bhopal). The Nigam was incorporated on 16.11.1981 under the Indian Companies Act 1956. The Nigam has been entrusted the responsibility of Industrial promotion through development of Industrial Growth Centers in selected areas of its jurisdiction in the State of Madhya Pradesh.
We pay Annunal lease Rent to Said in Quaterly basis
Suman Saha
I want to Know weather TDS Will Be Deducted in Annual Lease Rent which is Paid to MP AKVN (Bhopal) Ltd Which is a subsidiary of M.P. State Industrial Development Corporation Ltd. Bhopal, (Formerly MPAVN Ltd., Bhopal). The Nigam was incorporated on 16.11.1981 under the Indian Companies Act 1956. The Nigam has been entrusted the responsibility of Industrial promotion through development of Industrial Growth Centers in selected areas of its jurisdiction in the State of Madhya Pradesh.
We pay Annunal lease Rent to Said in Quaterly basis
Suman Saha
25 February 2011
TDS has to be deducted u/s 194I of the IT Act
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