under which tds section payments made by corporate assesse to hotels for providing rooms at specified rate will come...at what rate tds will be deducted...
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TDS on payment made to hotels for providing rooms on contract
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| Originally posted by : pratik dixit | ||
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under which tds section payments made by corporate assesse to hotels for providing rooms at specified rate will come...at what rate tds will be deducted... |
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Payments made by persons, other individuals and HUFs for hotel accommodation taken on regular basis will be in the nature of rent subject to TDS under section 194-I, as per Circular No. 715 dated 8-8-1995.
TDS is to be deducted @ 10%
if rent exceed RS 180000p.a under sec 194i agreee with above
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