IS section 194i is applicable for rent paid for renting of agriculture land .
as say it's 20 acre land and rent is received in one time amount on non refundable basis .
question is if Rent is not required to be deducted means should we need to apply for certificate for non deduction of TDS under section 197
TDS provisions are not applicable to Rent for Agricultural land because Agricultural Rent is an agricultural income and clearly excluded from the scope of total income u/s.10(1) of the Act.and TDS cannot be deducted there-from or from incomes which are expressly exempt.
So, TDS is not required to be deducted. Not required to apply 197 Nil Deduction certificate
Note: Certificate for non deduction of TDS under section 197 is applicable when TDS as per Act required to be deducted, but the assessee wishes to avail nil or low deduction of TDS, he/she can make an application for that certificate from IT department.
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