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TDS on Hotel room charges

This query is : Resolved 

05 February 2010 Is TDS applicable on the payment for hotel room charges based on contract??

05 February 2010 No , it is ccovered u/s 194-I

05 February 2010 is TDS applicable or not?
if applicable then what is rate?

05 February 2010 Tds applicable if the total payment exceeds Rs. 120000/= in a financial year. Tax should be deducted @10%. Only individual & huf deriving income from business and their turnover in the immediately preceeding year does not exceed 40 lac for business /10lac for profession are outside the ambit of sec. 194I.

05 February 2010 TDS is applcable u/s.194I not 194C

05 February 2010 TDS is applicable when hotel is taken on regular basis.
if it is only for one time then no TDS.

09 February 2010 yes.if taken regular basis 194I applicable


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