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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

TDS u/s 194I - lease premium was paid to MMRDA in four ...


Lease Premium for Land Acquisition Deemed Capital Expenditure, Not Subject to TDS u/s 194-I of Income Tax Act.

September 6, 2013

Case Laws     Income Tax     AT

TDS u/s 194I - lease premium was paid to MMRDA in four installments - paid for acquiring land with right to construct a commercial building although with certain restrictions - it is a capital expenditure not falling within the ambit of section 194-I - AT

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