Dear Friends,
Amount paid towards Rent to Government by the Govenment Company, is it liable to deduct Tax u/s 194I.
HASIQ ISMAIL (PURSUING CA FINAL ) (110 Points)
01 December 2010Dear Friends,
Amount paid towards Rent to Government by the Govenment Company, is it liable to deduct Tax u/s 194I.
Sunshine
(Helping All)
(10575 Points)
Replied 01 December 2010
i think no need to deduct TDS...wait for senior's reply
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 01 December 2010
No Tax Deduction if Payee is Goverment / Local Auithorities Even Not Only Under Section 194I.
A.Deepa
(CA )
(195 Points)
Replied 02 December 2010
Non-applicability of TDS w.r.t Rental payments made to certain entities - There is no requirement to deduct income-tax at source on income by way of ‘rent’ if the payee is the Government. In the case of the local authorities and the statutory authorities, there will be no requirement to deduct income-tax at source from income by way of rent if the person responsible for paying it is satisfied about their tax-exempt status under clause (20) or (20A) of section 10 on the basis of a certificate to this effect given by the said authorities.
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