Dear all,
Is TDS u/s 194I applicable in case of rent paid to a bank towards Safe deposit locker facility (bank locker rent) ?
Dear all,
Is TDS u/s 194I applicable in case of rent paid to a bank towards Safe deposit locker facility (bank locker rent) ?
Yes , TDS is required to be deducted if Locker Rent is exceed Rs.1,80,000/- during a FY. Since, Locker is Storage "equipment". TDS will be deducted @ 2%.
No TDS should not deducted because it is payment towards bank
No tds to be deducted....payment to banking co, banks, public financial institutions are not subject to tds
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
