21 April 2015
Dear Sir, A Private limited company is paying Rent of Rs.1,50,000/-along with facility charges of Rs.1,50,000/-for the use of common passage.However TDS on facility charges is deducted U/S 94C @ 2%. Kindly explain whether 94I will be applicable on Facility charges or 94C,if there is a composite agreement & if there is no composite agreement???
21 April 2015
If it is for the use of common passage then it should be classified as rent and 194I will be applicable. See the link. http://indiankanoon.org/doc/49936666/
CAclubindia
