An individiual having business income and having TAN number (since turnover crossed 1 CR last year) is paying rent more than 50k per month for residential purpose
In this case , is he liable to deduct 5% tds under section 194IB or 10% tds under section 194I since he is already having TAN
In that case this transaction to be included in monthly tax payment and quaterly TDS returns even if personal in nature? Also in that case form 16a will be generated or form 16c?
CAclubindia
