Tds
This query is : Resolved
27 November 2012
A company is paying rent to the mall for the purpose of displaying the company name hoarding board in the mall. The board is provided by the mall. My query is will be TDS be deducted under section 194C OR 194I???
27 November 2012
TDS will be deducted u/s 194I since space for hoarding has been taken on rent.
27 November 2012
Can u provide me with reasons to support your answer
27 November 2012
Although I dont remember the name of the case , but in that case a car was displayed in the mall. The court held that-
WHEN THE ASSESSEE DISPLAYED THE CAR IN THE MALL, HE USED THE SPACE IN THE MALL. AND HENCE THE PAYMENT MADE TO THE MALL SHALL BE IN THE FORM OF RENT.
Applying the same ruling of the court in your case also, it can be said that , by displaying the hoarding in the mall, you have used the space and thus amount paid shall be in the form of rent.
WHEN THE ASSESSEE DISPLAYED THE CAR IN THE MALL, HE USED THE SPACE IN THE MALL. AND HENCE THE PAYMENT MADE TO THE MALL SHALL BE IN THE FORM OF RENT.
Applying the same ruling of the court in your case also, it can be said that , by displaying the hoarding in the mall, you have used the space and thus amount paid shall be in the form of rent.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
