Section194I of the Income Tax Act has been amended by the Taxation Laws (Amendment) Act, 2006 wherein, with effect from 13.07.2006, payment of rent under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any equipment, furniture or fittings has also been included under this section and necessary tax has to be deducted where the aggregate of rent paid or likely to be paid during the financial year exceeds Rs.1,20,000.
for use of phones isdn pri plan or cell phone usage if a company pays more than 1,20,000/- (collectively in a year) as rental charges does it attract the new amended provision. In such cases 20% tds is not too high to deduct
s.ramesh
Yes,
TDS should be deducted, becouse telephone etc. will include in equipments of the Company
Ravi
CAclubindia
