MSME Certified GST Live Weekend Batch to commence from 20th February 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

TDS on Leave & Licence

This query is : Resolved 

17 July 2008 Anyone can tell if leave & licence agreement in tenant & owner then the monthly payment of the same attracts TDS on it? if attracts at what rate? please guide me.


17 July 2008 Leave and Licence is nontheless defferent from the rent. And in case the rent payable exceeds Rs 120000 per annum then the tax at source is to be deducted which is as per under;

In case of payee being:
Individual/Huf 15%(SC+Cess, if applicable)
Others 20%(SC+Cess, if applicable)

17 July 2008 Yes Ramesh is right. It will come under the purview of seciton 194I of the Income Tax Act.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less