https://www.taxtmi.com/circulars?id=54790 Lump sum lease premiums or one-time upfront lease charges paid for acquisition of long-term leasehold rights, where not adjustable against periodic rent, are not payments in the nature of rent under section 194-I and therefore are not subject to TDS under that provision; the Department has accepted High Court rulings treating such payments as capital or akin to deemed sale and has not filed further appeals. en-us Thu, 13 Oct 2016 00:00:00 +0530 Thu, 13 Oct 2016 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54790 Lump sum lease premiums or one-time upfront lease charges paid for acquisition of long-term leasehold rights, where not adjustable against periodic rent, are not payments in the nature of rent under section 194-I and therefore are not subject to TDS under that provision; the Department has accepted High Court rulings treating such payments as capital or akin to deemed sale and has not filed further appeals. Circulars Income Tax Thu, 13 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54790