Vacant Floor
This query is : Resolved
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.
Tds under which sec. For F. Y 25 - 26 applicable & what rate.
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%.
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%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
