Taxation on monthly remuneration "leave and license agriment
This query is : Resolved
19 August 2011
I have a query, What is the tax treatment of the monthly remuneration we received from the let-out office space under "Leave and License Agreement"?
We are receiving Rs 20000/- per month as monthly compensation/license fee from them.
If TDS applicable, which catagory?
We are receiving Rs 20000/- per month as monthly compensation/license fee from them.
If TDS applicable, which catagory?
19 August 2011
Prima facie, the income is assessable under the head 'income from house property'.
Section 194I may be applied for TDS purposes.
Section 194I may be applied for TDS purposes.
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