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TDS on exhibition

3991 views 6 replies

prasad chitta

62 Points Posted on 12 December 2019

hi sir. can I know what is TDS rate on place which was given for exhibition.

Replies (6)

Quick Summary

Discussion on TDS applicability on exhibition space rent. If place is taken on rent for exhibition, TDS u/s 194I @10% applies when total rent exceeds Rs 2,40,000 annually. If it is a service contract, 194C may apply. Applicability also depends on audit status and nature of invoice.

sanjith kotni

Articled assistant

663 Points Posted on 12 December 2019

Sec 194I-10% for land or buildings,furniture let out.So deduction to be made if the threshold of total payment to be made exceed the limit .I think the limit was amended recently please refer 194I section

Kapadia Pravin

17264 Points Posted on 12 December 2019

The exhibitor company will deduct TDS @ 10% on rent payments to you under 194I provided the aggregate payments of rent exceed 240000/- during the Financial Year.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 December 2019

@ Mr Prasad.,

Check out the invoice particulars...

After that You can understand the the applicable of TDS...

**As per my view tds not applicable in some of the bills...

Kapadia Pravin

17264 Points Posted on 12 December 2019

Presumed that place is commercial exhibition place. Remember onus is on you to deduct TDS. If aggregate rent payment exceeds 240000/- (whether it's single event or aggregate of multiple events during the year) then TDS is must and obligatory. This view is only for rental charges.

One exception is that if you are an individual proprietory concern and also not under tax audit (44AB) then you are not required to deduct TDS under 194I.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 December 2019

If the concern is under Tax audit or not...
Some of the view TDS not applicable...

Check out the invoice @ Mr Prasad...

Kapadia Pravin

17264 Points Posted on 13 December 2019

Mr. Prasad, have you found any thing new in the invoice as far as TDS matter ??

TDS is on rental payment as above replied.

For other logistic services upon agreed terms , you may deduct TDS under 194C.