Court held that the definition of rent as contained in the explanation to S.194I is very wide definition . Explanation states that \u201cRent\u201d means any payment , by whatever name called under the lease , sublease , tenancy or any other agreement\u00a0for the use of any land . The High Court has read the relevant clause of the lease deed and has rightly come to the conclusion that payment which is to be made as annual rent is rent with in the meaning of S.194I . Accordingly payment of\u00a0 annual lease rent to NOIDA \/Greater Noida is\u00a0liable to deduct tax at source .Court also observed that Circular No 699 \u00a0dt .30th Jan,1995 ( 2012) 212 ITR 2 (St) cannot be relied by NOIDA \/Greater Noida to contend that there is no requirement of deduction at source under S.194I. \u00a0( CA Nos 9199\/12750\/ 15613\/ 15615\/ 2017 dt. 2-07-2018) ( AY. 2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 194I : Deduction at source \u2013 Rent -Annual rent paid under lease deed is rent \u2013 liable to deduct tax at source on the payment of lease rent to NOIDA \/Greater NOIDA .[ S.10(20), (10(20A)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2012","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ws","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2012"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2012\/revisions"}],"predecessor-version":[{"id":2319,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2012\/revisions\/2319"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}