Section 194I - Rent - Income-tax Act, 1961

..... f any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:]] Provided that no deduction shall be made under this section where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed 10[two hundred and forty thousand rupees]: 5 .....

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Section 194I - Rent - Income-tax Act, 1961

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..... ng (including factory building); or (c) land appurtenant to a building (including factory building); or (d) machinery; or (e) plant; or (f) equipment; or (g) furniture; or (h) fittings, whether or not any or all of the above are owned by the payee;] (ii) where any income is credited to any account, whether called "Suspense account" or by any other name, in the books of account of the person liable to pay such income, such crediting shall be deemed to be credit of such income to the acc .....

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Section 194I - Rent - Income-tax Act, 1961

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..... nt for the use of any land or any building (including factory building), together with furniture, fittings and the land appurtenant thereto, whether or not such building is owned by the payee;' 7. Substituted vide Finance (No.2) Act, 2009, w.e.f. 1-10-2009, before it was read as, "4[(a) ten per cent for the use of any machinery or plant or equipment; (b) fifteen per cent for the use of any land or building (including factory building) or land appurtenant to a building (including factory .....

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Section 194I - Rent - Income-tax Act, 1961

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