Regarding tds

This query is : Resolved 

08 January 2014 what is the basic distinction between 194C contract and and clause of rent.
suppose a assessee is taken a premise for rendering his bike and amount which clause is attracted.

08 January 2014 Sec.194I is apply on renting land & Buildings, furniture, Plant & Machinery & equipment.

Since bike is not covered this category, it will be covered under contract u/s.194C


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