TDS u/s 194I - lease premium paid to Mumbai Metropolitan ...

Lease Premiums to Mumbai Authority Not Subject to TDS as Rent u/s 194-I of Income Tax Act.

January 16, 2021

Case Laws Income Tax AT

TDS u/s 194I - lease premium paid to Mumbai Metropolitan Regional Development Authority (“MMRD") - lump sum lease premium or one-time upfront lease charges, which are not adjustable against periodic rent, 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. - such payments are not liable for TDS under section 194-1 of the Act - AT

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TDS u/s 194I - lease premium paid to Mumbai Metropolitan ...

Lease Premiums to Mumbai Authority Not Subject to TDS as Rent u/s 194-I of Income Tax Act.

January 16, 2021

Case Laws Income Tax AT

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