[aaykarbhavan] ITAT : Lease premium for acquiring substantial rights in land not rent u/s 194-I

Dhirendra Ramji Vora

April 14 2014

'Lease-premium' paid by assessee-developer to CIDCO, not subject to TDS; 'Lease-premium' represents transfer price of land on lease hold basis, and not rent u/s. 194-I of the Act;

Courtesy: Taxsutra

 

Regards

Prarthana Jalan

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