A Pvt Ltd. pays rent to an individual for temporary stay of its executive as under: May 15, 2022 Rs 30000 for two weeks May 31, 2022 Rs 30000 for two weeks July 1, 2022 Rs, 30000 then for two weeks
Total 90,000 for 6 weeks.
Is A Pvt Ltd is required to deduct TDS on the above payments.
31 May 2022
In my opinion, no TDS is required to be deducted u/s 194I because the rent is less than Rs. 240000. However, the stay is more contractual, so provisions of 194C may get attracted.
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