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Vacant Floor

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(Querist)
20 April 2026 Raw space ( vacant floor ) taken for exhibition purpose. Paid consideration to exhibition organiser Rs. 5 Lac.

Tds under which sec. For F. Y 25 - 26 applicable & what rate.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
20 April 2026 Payment for taking vacant floor / raw space for exhibition purpose is in the nature of rent for use of land/building. Hence, if the payee is resident, TDS will generally apply u/s 194-I @ 10%.
Since the amount is ₹5 lakh, the threshold is crossed.
However, if the payer is an individual/HUF not liable to tax audit, then section 194-IB may apply instead, at 2%.
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