Long term Lease Archives - Tax Heal https://www.taxheal.com/tag/long-term-lease Complete Guide for Income Tax and GST in India Fri, 14 Oct 2016 14:36:33 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 Upfront/Lump Sum lease premium for long term lease not rent u/s 194I, No TDS :CBDT https://www.taxheal.com/upfrontlump-sum-lease-premium-for-long-term-lease-not-rent-us-194i-no-tds-cbdt.html https://www.taxheal.com/upfrontlump-sum-lease-premium-for-long-term-lease-not-rent-us-194i-no-tds-cbdt.html#comments Fri, 14 Oct 2016 14:36:33 +0000 http://taxheal.com/?p=15928 Upfront/Lump Sum lease premium for long term lease not rent u/s 194I Circular No 35/2016 Dated 13.10.2016 Lump Sum lease premium or One time upfront lease charges which are not adjustable against periodic rent , paid or payable for acquisition of long term leasehold rights over land or any other property are not payments in… Read More »

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Circular No 35/2016 Dated 13.10.2016

Lump Sum lease premium or One time upfront lease charges which are not adjustable against periodic rent , 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 194I of the act. Therefore such payments are not liable for TDS under Section 194I of the Act.

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