TDS on car parking expenses


This query is : Resolved 

Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to car parking charges paid by a company to individuals. The consensus is that TDS is indeed applicable under Section 194I of the Income Tax Act for such lease payments.

08 May 2024 Hi

Can anybody help me out with the below query?

Is TDS applicable to car parking charges paid to individuals by the company?

Thanks in advance.

09 May 2024 Yes, TDS is applicable over such lease u/s. 194I of IT act.

07 September 2024 Good Luck.


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