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Tds

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(Querist)
03 March 2014 Dear all,
please advise me, that if any company pays advance rent for next 4 years to farmers (to use their land) should tds be made on these payments. please advise in detail.
thanks
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 March 2014 1. Section 194-I is applicable at the time of CREDIT or PAYMENT, whichever is EARLIER.

2. So if the payment EXCEEDS Rs. 1.8 lakhs per annum, then TDS is required to be deducted.

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