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Rent paid TDS sec 194i or sec 194i(b)

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(Querist)
29 March 2024 Sir,
Tax audit it assessess rent paid to another tax audit assessess
Question:
Sec 194 I or sec 194 I (b) correct and difference between both sections.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 March 2024 194I applicable in this case.
According to Section 194IB, it is mandatory for any person, i.e. individuals / HUF not liable to audit u/s 44AB, to deduct taxes for rent paid to a resident, exceeding Rs 50,000 per month.
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CA Roomi Gupta

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CA Roomi Gupta (Expert)
29 March 2024 Section 194 I: TDS @ 10% is required to be deducted by only those categories of businesses /profession who are required to get their tax audit conducted by a CA under Section 44AB, If Rent paid/ payable during the Financial Year is more than Rs. 2.4 Lakhs .
194 IB: An Individual or HUF is paying rent of more than Rs. 50,000 per month and is not falling in the above category – such person would also be required to deduct TDS @ 5% under Section 194IB.
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