Whether the payment towards rent for using the vacant land as parkingplace is coming under section 194I?
CA SUBBIAH K (SENIOR MANAGER - F&A) (105 Points)
10 August 2008Whether the payment towards rent for using the vacant land as parkingplace is coming under section 194I?
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 10 August 2008
ya but exempt up to 1 20 000 P.A.
mandeep
(article)
(29 Points)
Replied 11 August 2008
yes the scope of 194I is very wide now and it covers the rent for parking place also