Anubhav
(Chartered Accountant)
(429 Points)
Replied 02 April 2015
Hi,
According to Sec 194I, no tax at source needs to be deducted from payment by way of rent (Lease) made to Government and entities whose income is exempt under clause (20) and (20A) of Sec 10. Ref. circular No.699, dated 30.01.1995.
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