Applicable section 194c or 194i
This query is : Resolved
AKSHAY PAL
(Querist)
27 June 2013
Dear Member.
Can any one tell me,in case a college make a payment to resident for the hostel fee of student including the food expenses & recipient person issue the consolidate bill to the student,in such a case.which section will be applicable.
whether it is contract payment or rental payment.
Can any one tell me,in case a college make a payment to resident for the hostel fee of student including the food expenses & recipient person issue the consolidate bill to the student,in such a case.which section will be applicable.
whether it is contract payment or rental payment.
CA Kapil Verma
(Expert)
27 June 2013
section 194I will apply. as nature of substantial payment is rent.
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