Requirement of deduction of income-tax at source u/s. 194I of the IT Act--Payments of income by way of rent made to Government and entities whose income is exempt from income-tax under clauses (20) and (20A) of s. 10 of the IT Act--Regarding

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..... made to Government and entities whose income is exempt from income-tax under clauses (20) and (20A) of s. 10 of the IT Act--Regarding. Circular No. 699 Dated 30/1/1995 Queries have been raised as to whether the requirement of deduction of income-tax at source under section 194-I of the Income-tax Act applies in the case of payments by way of rent to the Government, statutory authorities referr .....

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..... purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, is exempt from income-tax under section 10(20A). Similarly, the income of a local authority which is chargeable under the head "Income from house property" or "Income from other sources" is exempt from income-tax under section 10(20). T .....

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