Hi all,
Can anyone tell mewhat kind of TDS is attracted for availing Stalls in Exhibition.
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 18 December 2008
sec 194C tds is to be deducted @ 2.266%
MR. CA
(Auditor,)
(537 Points)
Replied 18 December 2008
it is 194c for contractors .
if im wrong pls explain me.
Vijay Budhwani
(AVP Tax)
(326 Points)
Replied 18 December 2008
I think consideration paid for availing stall could be termed as Rent and hence tax should be deducted u/s 194I
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 18 December 2008
TDS applicable as per section 194 I, if amount payable is more then 120000.
Reference: https://www.buildmat.in/terms.pdf
https://indianagriexpo2008.com/pdf/applicationform.pdf
https://www.lubeasia.com/pdfs/Lubeasia_bookingform2008.pdf
MAYUR JOSHI
(Chartered Accountant )
(125 Points)
Replied 18 December 2008
I am of the opinion that if stall booking amount is more than Rs. 120000 than TDS on Rent will be applicable otherwise you have to deduct tds as per Sec. 194C
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 18 December 2008
I dont know why are u all putting it under Section 194I but according to me it should come under Section 194C
can anyone give me reason why to take it under section 194I ???
Thanks
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
