Tds
This query is : Resolved
Anupriya Goel
(Querist)
20 October 2012
Rent payment made to HPCL is liable to TDS deduction or not? please tell the related circular or provision
20 October 2012
Liable for TDS deduction following provisions laid down in Sec 194I. No special exemption.
CA Navin Jain
(Expert)
20 October 2012
tds is not deducted when rent paid to government and entities whose income is exempt under clause 20 and 20(A) OF Section 10.
20 October 2012
Dear Navin Ji HPCL does not fall in any of the above category mentioned by you. Sec 10(20) is applicable for income of local authority. Sec 10(20A) is not available from AY 2003-04 onwards.
Please clarify..
Please clarify..
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