12 March 2009
Dear friends, A Partner of a Firm Pays Lodging & Boarding Exps Rs.75000/- at one time only by Cheque(for his Stay in 3Star Hotel)for his Business Purpose. Whether it would be Subject to TDS U/s 194C ? or If the Bill is Rs.175000/- whether it would be subject to TDS U/s 194I?
18 March 2009
NO TDS IS REQUIRED IF IT IS ONE TIME AFFAIR. BUT IF ON A REGULAR BASIS ROOMS ARE TAKEN TDS WILL ATTRACT U/S 194I. FOR FURTHER DETAILS PLEASE REFER TO CIRCULAR NO 715 OF 1995 QUESTION NO 20