All about Section 194IB

Meenu , Last updated: 10 April 2018  
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An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently introduced section 194IB in the Income-tax Act making it mandatory for a tenant to withhold taxes @ 5% on rental payments, over and above Rs. 50,000 per month and

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Published by

Meenu
(taxation manager)
Category Income Tax   Report

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