Tds
This query is : Resolved
31 January 2014
-We are Company T Pvt. Ltd.
-There is another company I Pvt. Ltd. which is paying rent on behalf of us to another party (P Pvt. ltd.) & charges us through bill for their services.
-We are simply reimbersing that rent to I Pvt. Ltd.
-There is no direct or indirect payment or contract between us (T pvt. Ltd.) & third party (p Pvt. Ltd).
-The question is that at the time of payment to I Pvt. Ltd. in which head we have to cut their TDS either Contractor(194C) or rent(194I)?
-There is another company I Pvt. Ltd. which is paying rent on behalf of us to another party (P Pvt. ltd.) & charges us through bill for their services.
-We are simply reimbersing that rent to I Pvt. Ltd.
-There is no direct or indirect payment or contract between us (T pvt. Ltd.) & third party (p Pvt. Ltd).
-The question is that at the time of payment to I Pvt. Ltd. in which head we have to cut their TDS either Contractor(194C) or rent(194I)?
31 January 2014
Rent 194(I). nature of transaction does not change. as you are ultimately paying him rent only..
31 January 2014
Totally agreed with Biyani ji. Rather, you need to look it at this way. Given that you have no direct contract with P pvt Ltd, it cannot be said that you are merely reimbursing rent to I Pvt Ltd.
For all practical purposes I Pvt Ltd is the lessor. It is immaterial whether or not it is the owner of the premises.
For all practical purposes I Pvt Ltd is the lessor. It is immaterial whether or not it is the owner of the premises.
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