Re: [aurangabad_ca] Query Regrading 194I

Saturday, December 12, 2009 2:28 AM By Livemail

 

Dear Manjunath
 
As per Sec 194I TDS will be deducted on Rent if payment is exceeding 1,20,000/-p.a.
rent includes rent for
land
building
machinery
plant
equipment
furniture
fittings
 
So your case will fall in this. Becuase telephone will be clubbed in equipments.
So another company will deducted TDS on payment.
 
Thanks/Regards
Prashant Gupta



From: R S MANJUNATH <manjeshrs@gmail.com>
To: grkmkj@yahoo.co.in; aurangabad_ca@yahoogroups.com
Sent: Fri, December 11, 2009 10:42:52 AM
Subject: [aurangabad_ca] Query Regrading 194I

 

Dear sir,

One of my Client Give Telephone Instruments to another company as a rent.
The rent Amount exceeds Rs 120000/- PA.

Its liable to Deduct TDS u/s 194I?
Please help me in this matter with any case laws.

Thanks in advance.

Regards
--
MANJUNATH R S
Mobile. +91 9880919391


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