194-I
This query is : Resolved
14 April 2010
the airlines company pays rent for airport space to delhi international airport private limited . the airport company is a private limited company,then whether the TDS under section 194-I is deductible or not?
14 April 2010
YES TDS IS DEDUCTIBLE U/S 194I @ 10%.
14 April 2010
Landing of aircraft or parking aircraft amounts to user of land of airport and, hence, landing fee and parking fee will amount to ‘rent’ within meaning of Explanation (i) to section 194-I.
Citation - United Airlines v. CIT [2006] 152 Taxman 516 (Delhi).
Landing of aircraft or parking aircraft amounts to user of land of airport and, hence, landing fee and parking fee will amount to ‘rent’ within meaning of Explanation (i) to section 194-I.
Citation - United Airlines v. CIT [2006] 152 Taxman 516 (Delhi).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Form 121 & TDS deduction
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
