Tds on covered u/s 194 c or 194 i
This query is : Resolved
27 June 2017
exhibition hall space occupied for advertising product of company, and invoice show as space rent amount. which section shall be applied?
As per the circular no. 715 dt 8/8/95 Contract for putting up a hoarding is in the nature of advertising contract annd provision of section 194C would become applicable, however it may further be notified that if a particular person has taken a particular space on Rent and thereafter sublets the same fully or in part for putting up a hording, he would be liable to TDS under section 194I and not section 194C. In your case, which it understand is that usually exibition are held on a let out property, if it is so Section 194I would apply.
it's little bit confusing
Amol S Joglekar
(Expert)
27 June 2017
exhibition place.....renting covered under 194I
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