Tag Archives: Section 194I

Upfront/Lump Sum lease premium for long term lease not rent u/s 194I, No TDS :CBDT

By | October 14, 2016

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 »

No TDS on leasehold rights payment for long period say 99 years

By | April 8, 2016

Issue Whether the upfront payment made by an assessee, under whatever name including premium, for the acquisition of leasehold rights over an immovable property for a long duration of time say 99 years, could be taken to constitute rental income at the hands of the lessor, obliging the lessee to deduct tax at source under… Read More »