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)
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