tds

Dear Kruti,

TDS on hiring of hall will be deductible u/s 194I. Whereas if the food is supplied by the caterers then TDS to be deducted u/ 194C.

- Individual @ 1%

- Pvt. Ltd. Co. and Regd Firm @ 2%

In case of TDS u/s 194C, threshold Limit Rs. 30000 for single bill and Rs. 75000 for aggregate amount during the whole year.

Threshold limit for TDS u/s 194I is Rs. 180000 p.a

Regards,

Devendra P Kulkarni

Deduct TDS u/s 194C.

Dear Kruti,

TDS will not attaracting in this transaction, as per Section 194-I, if you are hyring  any this type of property for your own use only occationaly not regularily basis.

It will be just like a purchase.

As per example :-

If there is a marrige of my brother & we are hyring a hall for reception party alongwith Food or others, it is only a service which is provide to us once by hall owner.

Example:- If you are a firm or  company and you are hyring hall regularily basis than it will attaract  TDS under Section 194-I.

Hope you understand.