I want to know whether i should deduct TDS for paymnent to Hotel for Conference for one day. We have only organized one day conference alongwith Lunch.Paymnet amount is Rs. 200000/- Pls suggest.
28 August 2014
tds on rent applicable if you take room u/s 194I limit 180000/- @ 10% . if you take room with fooding then it come under u/s 194C @ 1% for individual/HUF and 2% for others.