Lease Premium Not Classified as 'Rent' u/s 194I for TDS Purposes in Income Tax Act.
X X X X Extracts X X X X
X X X X Extracts X X X X
....TDS u/s 194I - payment made by the assessee to MMRDA for acquisition of the plot of land on lease from MMRDA - whether the lease premium paid for a long term lease of 60 years can be termed as ‘rent’? - Held no - AT....
TaxTMI