My house rented to a company for the company employees remain. The total rent is Rs 18,000. The company wants to deduct TDS at 10%. However, in my agreement with the company, it is clear that the service charge of 5,000 Rs is rented. Please let me know that my tenant can deduct TDS on the full amount. – A.9. Tax must be deducted from rent paid under any name for the rental of a property. The impact of the source deduction does not depend on the nomenclature, but on the content of the agreement, as mentioned in point (i) of the explanatory note in section 194-I. Circular: 715, from 8 to 8.8.1995. By executing the license agreement, you will be left at the mercy of the owner, he can expel u at any time.
Ask the landlord to enter into an 11-month lease. Each state in India has its own unique scale to collect stamp taxes, and we have made the computer available to our users to allow them to calculate the stamp duty on holidays and the licensing agreement for the state of Maharashtra. A.25. Amount paid in the form of a deposit under a lease agreement that was not repaid at the time of termination of the lease. It could be said that this amount was actually pre-rent and, as such, the expert was required to deduct the tax at source of the payment of this pre-rent according to section 194-I. Please refer to CIT v. Reebok India Co.  291 ITR 455 (Delhi) For hotel accommodations that are made regularly in the TDS rental type. On the other hand, if organizations, tour operators, etc., entered into an agreement with a hotel or group of hotels for the accommodation of staff, guests, etc., for a price agreed in the contract, this would not fall within the jurisdiction of TDS, since the price agreed in the contract would probably be lower than that of regular accommodation. However, workers take note of the application of the SDS during the tax audit.
In this section, we read section 194-1 of the Income Tax Act, which deals with rent. Rent refers to a payment under a lease agreement, subletting, lease or other agreement or agreement for the use of one of the options mentioned below, separated or combined: Form 27 [After Bye-law nr. 43 (2) (I)] A form of application for subletting, subletting and licensing or care facility of the apartment or part or part of the apartment. Form 11 [After Bye-laws 20 and 43(2) (ii)] The form of the sub-owner`s application or janitor`s form or occupier forms to be submitted to the company in accordance with the law.