Rent definition for TDS/TCS covers leased movable and immovable assets, while specified immovable-property payments receive narrower treatment. Rent for TDS/TCS purposes includes payments under a lease, sub-lease, tenancy, or other arrangement for use of land, buildings, appurtenant land, ... Summary
Rent definition for TDS/TCS covers leased movable and immovable assets, while specified immovable-property payments receive narrower treatment.
Rent for TDS/TCS purposes includes payments under a lease, sub-lease, tenancy, or other arrangement for use of land, buildings, appurtenant land, machinery, plant, equipment, furniture, or fittings, irrespective of payee ownership. For the specified TDS payment category concerning immovable property, rent is confined to payments for land, buildings, and land appurtenant to buildings.
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