Tds on stall hire charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2012 if my company has hired a stall in an exhibition for 2-3 days , will the company required to deduct tds? if yes, then under which section 194c or 194I? Stall charge is Rs.80000 in total.

CA NIDHI VYAS

CA NIDHI VYAS (Expert)
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02 February 2012 Stall Hire Charges would attract TDS u/s. 194I and therefore if there is single bill of Rs. 80000/-, there is no need to deduct TDS as threshold limit is Rs. 180000/- for Rent (Sec 194I)
However if total billing for the year exceeds Rs. 180000/-, TDS should be deducted @ 10% u/s. 194I