TDS-rent on a temporary stay
This query is : Resolved
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Prakash Joshi
(Querist)
31 May 2022
Dear Friends,
A Pvt Ltd. pays rent to an individual for temporary stay of its executive as under:
May 15, 2022 Rs 30000 for two weeks
May 31, 2022 Rs 30000 for two weeks
July 1, 2022 Rs, 30000 then for two weeks
Total 90,000 for 6 weeks.
Is A Pvt Ltd is required to deduct TDS on the above payments.
A Pvt Ltd. pays rent to an individual for temporary stay of its executive as under:
May 15, 2022 Rs 30000 for two weeks
May 31, 2022 Rs 30000 for two weeks
July 1, 2022 Rs, 30000 then for two weeks
Total 90,000 for 6 weeks.
Is A Pvt Ltd is required to deduct TDS on the above payments.
CA Puja Sharma
(Expert)
31 May 2022
In my opinion, no TDS is required to be deducted u/s 194I because the rent is less than Rs. 240000.
However, the stay is more contractual, so provisions of 194C may get attracted.
However, the stay is more contractual, so provisions of 194C may get attracted.
31 May 2022
Support the above observation except 194C (post amended w e f 1-10-2019).
Prakash Joshi
(Querist)
01 June 2022
Thanks to ll. I don't think sec 194-C is applicable here.
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