Rent Advance and TDS

Darshu , Last updated: 18 May 2008  
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Under section 194 I of the Income tax Act, on Rent payments exceeding Rs. 120000 in aggregate during a financial year, at the time of credit or payment which ever is earlier, tax as required, has to be deducted at source and remitted to the Government within the time prescribed. This applies even to

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Published by

Darshu
(CA)
Category Income Tax   Report

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