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Income Tax - Highlights / Catch Notes

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TDS u/s 194I - Rent - lump sum lease payments or one time lease ...


Lump Sum Lease Payments Not Considered Rent u/s 194-I of the Income Tax Act for Long-Term Leasehold Rights.

February 27, 2017

Case Laws     Income Tax     HC

TDS u/s 194I - Rent - lump sum lease payments or one time lease charges, which are not adjustable against long term lease hold charges, which are not adjustable against periodic rent, paid or paid or payable for acquisition of long term leasehold rights over land or any other property are not payments in the nature of rent within the meaning of Section 194-I of the Act - HC

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