TDS U/s. 194I deductible on lease rent Paid to Noida Authority

New Okhla Industrial Development Authority (NOIDA) Vs. CIT (Supreme Court) The definition of rent as contained in the explanation is a very wide definition. Explanation states that “rent” means any payment, by whatever name called, under any lease, sublease, tenancy or any other agreement or arrangement for the use of any land. The High Court has read the relevant clauses of the lease deed and has rightly come to the conclusion that payment which is to be made as annual rent is rent within the meaning of Section 194­I, we do not find any infirmity in the aforesaid conclusion of the High C...