Tds u/s 194C

Vishal Khanvilkar (Student) (202 Points)

06 January 2011

If the Assesse is a Company,

And it has paid hiring charges(for hiring a hall) say for 5 days to a particular party as it wantd to hold an exhibition.

Then whether the assessee i.e the company should deduct tds u/s 194C

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4 Replies

m janakiraman (manager) (33 Points)
Replied 06 January 2011

Dear Mr Vishal

No in 94c it should be 94 i in excess of rs 180000/- @ rate if 10%(ie Rental Charges)

Vikas Marele (CA in Service) (1144 Points)
Replied 06 January 2011

NO, Company should deduct tds u/s 194I @ 10% if rent amount exceed to Rs 180000.

mukesh jha ( C A) (43 Points)
Replied 06 January 2011

Originally posted by : Vishal Khanvilkar
	If the Assesse is a Company, And it has paid hiring charges(for hiring a hall) say for 5 days to a particular party as it wantd to hold an exhibition. Then whether the assessee i.e the company should deduct tds u/s 194C