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Lump Sum Lease Payments Not Considered Rent u/s 194-I of the Income Tax Act for Long-Term Leasehold Rights.

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Full Text of the Document

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....TDS u/s 194I - Rent - lump sum lease payments or one time lease charges, which are not adjustable against long term lease hold charges, which are not adjustable against periodic rent, paid or paid or payable for acquisition of long term leasehold rights over land or any other property are not payments in the nature of rent within the meaning of Section 194-I of the Act - HC....