Please Clarify Whether TDS is applicable on The lease line rental Payment Made to Tata ,airtel. if YEs shall it will be covered under 194 J or 194 I as the provision of Income tax act as amended by Finance act 2014
2 Replies
srawan kumar
(Student CA Final )
(25 Points)
Replied 02 December 2014
Yes tds will apply and it is covered in 194-I
Maruthi
(Tds Returns Preparer)
(207 Points)
Replied 04 December 2014
Tds should be deduct u/s 194I, Because there is no matter of ("Technical Services") to deduct tds u/s 194J.
Explanation to section 194I specifies the meaning of “Rent” means any payment, by whatever name called, under any lease, sub lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any,
- (a) Land; or
(b) Building (including factory building); or
(c.) land appurtenant to a building (including factory building); or
(d) Machinery; or
(e) Plant; or
(f) Equipment; or
(g) Furniture; or
(h) Fittings,
Regards
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