Dear all, My client was dealing in procurement of milk. By using the premises of lessor along with machinery, milk procurement will be carried out. For this activity, company needs to pay Rs. 0.35 per ltr of milk processed during the month subject to minimum amount of Rs. 21,000 p.m.
Agreement was available between both the parties & stated that "The lessor desirous of giving on lease to the lessee the said property with all rights, previliges, and advantages whatever nature relating to the demised premises.
Pls clarify me whether it is subject to TDS u/s 194I or 194C.
If it is 194I, then rate applicable @ 2% or 10%.
Pl. clarify me
CAclubindia
