29 July 2010
No TDS u/s 194I. As it is below exemption limit. For more clear reply please mention what is Hired. Who is paying and who is receiving hire charges?
29 July 2010
WEF 01/07/2010 TDS u/s 194I is applicable if Rent paid Exceeds Rs. 1,80,000/- p.a, hence TDS is applicable in the present case as amount exceeds Rs. 2,40,000/- if hire charges are covered as Rent u/s 194I else it will be covered u/s 194C.
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