23 May 2008
Kindly suggest me the TDS Rate for the Charges paid for Hotel the durationfor stay in hotel not more than 3 days. AS per my view TDS should be charges under section 194-I ?
If you enter into a contract or has an understanding that you shall use a particular hotel room for a particular year and the total payment for the year crosses Rs.1.20 lacs then TDS u/s 194I shall apply.
CAclubindia
