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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..... 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. 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, statuto .....

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..... enacted either for the 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 .....

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