TDS ON PAYMENT OF RENT TO MUNICIPAL CORPORATION
This query is : Open
08 September 2016
IF A PERSON IS MAKING PAYMENT FOR RENT OF A AUDITORIUM OWNED BY MUNICIPAL CORPORATION OF THAT LOCALITY........IS HE SUPPOSED TO DEDUCT TAX??
PLEASE PROVIDE THE RELEVANT SECTION
08 September 2016
NO TDS u/s 196 of Income tax act 1961. Also refer Circular No 699 dated 30-1-1995..
Link: https://incometaxindia.gov.in/Communications/Circular/910110000000000861.htm
Link: https://incometaxindia.gov.in/Communications/Circular/910110000000000861.htm
08 September 2016
THANK YOU SIR.....
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