Lease Premium to PCNTDA Not Considered Rent u/s 194-I; No TDS Required on Pre-Lease Payments.

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Full Text of the Document

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....TDS - Where the lease premium paid to PCNTDA was a pre-condition for entering into the lease agreement, the same not being paid consequent to the execution of the lease agreement, cannot be said to be payment in lieu of rent as envisaged under section 194-I - AT....