querry regarding tax audit
This query is : Resolved
07 January 2008
what is covered under hire charges under section 194I?
07 January 2008
what is covered under hire charges under section 194I?
08 January 2008
Hi Divya,
The tax is to be deducted from rent paid by whatever name called, for hire of property (for instant, payments made by company, taking premises on rent but styling the agreement as a business center agreement, would attract the provision of Sec 194I) The incidence of deduction of tax at source does not depend upon the nomenclature, but on the contents of the agreement as mentioned in clause (i) of Explanation to Sec 194I.
Rgds/
Vineet
The tax is to be deducted from rent paid by whatever name called, for hire of property (for instant, payments made by company, taking premises on rent but styling the agreement as a business center agreement, would attract the provision of Sec 194I) The incidence of deduction of tax at source does not depend upon the nomenclature, but on the contents of the agreement as mentioned in clause (i) of Explanation to Sec 194I.
Rgds/
Vineet
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
