All about Section 194IB

Meenu | Last updated: 07 October 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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About the Author

Meenu

taxation manager

Meenu Agarwal, FCA, CS and BCom. working in CA firm based out of New delhi. I have experience of more than 7 years in the field of taxation including but not restricted to Income tax return filing, litigations upto ITAT level, transfer pricing report preparation, transfer pricing assessments, international taxation inc ... Read more

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All about Section 194IB

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