TDS deduction U/s 194C or 194I
This query is : Resolved
CA Vijay V Kodmur
(Querist)
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.
M KRISHNAKUMAR
(Expert)
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
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