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Hi all,
Can anyone tell mewhat kind of TDS is attracted for availing Stalls in Exhibition.
sec 194C tds is to be deducted @ 2.266%
it is 194c for contractors .
if im wrong pls explain me.
I think consideration paid for availing stall could be termed as Rent and hence tax should be deducted u/s 194I
TDS applicable as per section 194 I, if amount payable is more then 120000.
Reference: https://www.buildmat.in/terms.pdf
https://indianagriexpo2008.com/pdf/applicationform.pdf
https://www.lubeasia.com/pdfs/Lubeasia_bookingform2008.pdf
I am of the opinion that if stall booking amount is more than Rs. 120000 than TDS on Rent will be applicable otherwise you have to deduct tds as per Sec. 194C
thanks for the answer
I dont know why are u all putting it under Section 194I but according to me it should come under Section 194C
can anyone give me reason why to take it under section 194I ???
Thanks
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