TDS deduction U/s 194C or 194I
This query is : Resolved
12 March 2009
Dear friends,
A Partner of a Firm Pays Lodging & Boarding Exps Rs.75000/- at one time only by Cheque(for his Stay in 3Star Hotel)for his Business Purpose. Whether it would be Subject to TDS U/s 194C ? or
If the Bill is Rs.175000/- whether it would be subject to TDS U/s 194I?
A Partner of a Firm Pays Lodging & Boarding Exps Rs.75000/- at one time only by Cheque(for his Stay in 3Star Hotel)for his Business Purpose. Whether it would be Subject to TDS U/s 194C ? or
If the Bill is Rs.175000/- whether it would be subject to TDS U/s 194I?
12 March 2009
Section 194C will be applicable subject to some conditions as fulfill ment of those will attract 194 I.
i.e. it should not be earmarked rooms for specified rate and specified period provided it should not be a rate contract.
i.e. it should not be earmarked rooms for specified rate and specified period provided it should not be a rate contract.
18 March 2009
NO TDS IS REQUIRED IF IT IS ONE TIME AFFAIR. BUT IF ON A REGULAR BASIS ROOMS ARE TAKEN TDS WILL ATTRACT U/S 194I. FOR FURTHER DETAILS PLEASE REFER TO CIRCULAR NO 715 OF 1995 QUESTION NO 20
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- 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
- 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
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
