pratik dixit (article assistant) (49 Points)
17 October 2011under 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...
Deepak Gupta
(CA Student)
(15922 Points)
Replied 17 October 2011
| 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%
valji
(Accounts manager-MBA)
(2150 Points)
Replied 17 October 2011
if rent exceed RS 180000p.a under sec 194i agreee with above
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