‘Transit Rent’ not liable to tax so no TDS deductible on it under Section 194I

Sarfaraz S. Furniturewalla Vs Afshan Sharfali Ashok Kumar & Ors (Bombay High Court) The petitioner, represented by Pardiwala, sought clarity on the wording of a court order regarding the payment of interest. Subsequently, the issue of TDS deduction on ‘Transit Rent’ was raised by Dhanani, to which Pardiwala contested citing precedents from the Income Tax Appellate Tribunal (ITAT). The court delved into the provisions of Section 194I of the Income Tax Act, which pertains to rent, and provided an explanation for the term ‘rent’. It referenced previous judgments of the...