T.d.s. u/s 194i

This query is : Resolved 

11 May 2012

My query is where a landlord has given a premises and furniture and fixture situated in the said premises on rent to a same tenant byway of a separate agreement, and agreegate payment in a year exceeds Rs:180000/- wheather provisions of Section 194 I are applicable?

CA Ghanshyam Joshi (Expert)
11 May 2012

“Rent” means any payment, by whatever name called, under any lease, sub-lease,
tenancy or any other agreement or arrangement for the use of (either separately or together)
any –
(a) land; or
(b) building (including factory building); or
(c) land appurtenant to a building (including factory building); or
(d) machinery; or
(e) plant; or
(f) equipment; or
(g) furniture; or
(h) fittings,
whether or not any or all of the above are owned by the payee.

The words used in the definition is "either separately or together" hence TDS is applicable.

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