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TDS ON RENT 194I OR 194IB

This query is : Resolved 
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(Querist)
15 March 2023 A PROFESSIONAL FILED ITR U/S 44ADA LAST YEAR BUT WISH TO GET AUDITED THIS YEAR, HIS TURNOVER IS LESS THAN 50LACS BUT PAYS A RENT OF ABOVE 50000 PER MONTH FROM THIS YEAR , SO IN SUCH CASE HE HAS TO DEDUCT TDS @5 % U/S 194IB?

THANKS IN ADVANCE
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 March 2023 Yes, you are correct; should deduct TDS u/s. 194 IB of IT act.
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amarjeet singh

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amarjeet singh (Querist)
15 March 2023 Thanks sir, 1 more thing tds to be deposited once for whole year after deducting it from last month rent or to be deposited monthly from each month rent.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 March 2023 It can be deposited once in last month.
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