04 April 2019
Please clearly mention the source of income of the tenant. If he is a businessman and his accounts are audited U/s 44AB (Tax Audit) then TAN number is required and tax is to be deducted @ 10%. In other cases mentioned U/s 194-IB-tax is required to be deducted @ 5% and there is no requirement of TAN. If you refer section 194I and 194-IB you will get all the required information. You may refer the link given here under- https://www.myloancare.in/tax/tds-on-rent/
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