Section 194-I of the Income-tax Act, 1961
requires that tax be deducted at source at the
prescribed rates from payment of any income
by way of rent. For the purposes of this section,
"rent" has been defined as any payment, by
whatever name called, under any lease, sublease,
tenancy or any other agreement or
arrangement for the use of any land or building
or machinery or plant or equipment or furniture
or fittings.
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