29 November 2021
Is section 194IB applicable to a person who pays compensation/rent to a Pvt Ltd company in which he is a director. Monthly payment is done by the director from his personal accounts.
If the section is applicable then at what point of time do i need to deduct tds? Monthly or on last month of respective financial year?
29 November 2021
Thanks a lot for your prompt response. My concern is that we are remitting the amount every month to respective account. Do i need to deduct every month or single deduction at end of FY will do
CAclubindia
