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TDS applicable or not for car lease rent

746 views 3 replies
Happy Day

We are bought innova car for lease rent to owner personal use and product deliver to customer. The lease rental payment is auto debited mode.

Now we want to now know the car lease rent is applicable for TDS, if applicable what is the section.
Replies (3)
TDS should be deducted under section 194I
194i will apply.
please give more details regarding the lease amount.
Sec 194I


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