TDS for Lease rent to BSNL
This query is : Open
29 July 2009
Hello I would like to know if TDS is applicable u/s 194 I for Rent on lease lines provided by BSNL. I have hear that govt. entities are exempt from TDS. Please let me know the section which gives that exemption
30 July 2009
Government Agency & Government Entities stand on different footing.
So far BSNL is concerned, there is no exemption from TDS and / or Income Tax.
Since, possession is still retained by BSNL, it is not in the nature of rent in the strict sense of the term.
However, you may deduct TDS to avoid future disputes.
Please seek more opinion as far as applicability of Sec 194 I.
So far BSNL is concerned, there is no exemption from TDS and / or Income Tax.
Since, possession is still retained by BSNL, it is not in the nature of rent in the strict sense of the term.
However, you may deduct TDS to avoid future disputes.
Please seek more opinion as far as applicability of Sec 194 I.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
