Licensor or lessor definition covers business-use rights in specified assets, excluding public sector companies for TDS/TCS purposes. Licensor or lessor for TDS/TCS purposes means a person transferring, by lease, licence, contract or otherwise, a whole or partial right or interest in a ... Summary
Licensor or lessor definition covers business-use rights in specified assets, excluding public sector companies for TDS/TCS purposes.
Licensor or lessor for TDS/TCS purposes means a person transferring, by lease, licence, contract or otherwise, a whole or partial right or interest in a parking lot, toll plaza, mine or quarry to another person for business use. A public sector company is excluded. No corresponding definition exists under the Income-Tax Act, 1961.
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