A query regarding TDS deduction under Section 194IC on rental income of Rs. 26,000 per month received by an aunty residing in her own village house. The consensus is that this income should be treated as income from house property. It's also clarified that Section 194IC TDS is only applicable if the monthly payment exceeds Rs. 50,000.
My aunty get Rs.26000/- pm rent from builder & builder is deducting tds u/s.194 ic . this will be income from house property or something else ? My aunty is residing in village in his own house.