applicability of incometax

[Guest]

sir,

i would like to know that whether incometax is to be recovered for contingent bills like supply of materials like shamianas,sound system,supply of furniture and water drums etc.

AI Summary

Clarification Sought: Does TDS Section 194I Apply to Rent on Shamianas, Sound Systems, and Furniture? A query was raised about the applicability of income tax, specifically TDS, on contingent bills for items like shamianas, sound systems, furniture, and water drums. A respondent clarified that TDS under Section 194I applies to rent for machinery, equipment, furniture, and fittings if the total rent paid to a single assessee exceeds Rs. 180,000 during the financial year. The discussion sought to determine whether these provisions apply to the mentioned contingent bills.