Tds 194I OR 194C
rahul (ARTICLE CLERK) (58 Points)
20 December 2019Bare place amount is 450000
which sec is applicable 194 I Rent or 194C Contract for advertisement?
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 21 December 2019
here in this case it is clearly evident that payment is made for 'use of land or space' at exhibition ground for advertising.Hence it squarely comes under rent definition as enumerated in Sec 194 I. Contract made, cannot alter its nature from being rent.since commercial rents do have an arrangement or contract between the parties.hence forth Sec 194 I is applicable.
Kapadia Pravin
(17259 Points)
Replied 21 December 2019
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)