Tds


This query is : Resolved 

08 November 2013 Respected Sir/Madam,
our client had paid an amount of Rs.500000 towards payment of parking charges of volvo buses for 6 months at BEST stop.
in such case whether tds should be a deducted as rent or contract.

08 November 2013 Parking fee amounts to rent with in meaning of sec.194I hence TDS u/s.194I apply

Citation: United Airlines vs CIT (2006)Delhi


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