Tds under 194 ic


This query is : Resolved 

Quick Summary
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.

06 June 2022 Dear Sir

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.

Regards
Harendra

06 June 2022 Yes This will be income from house property.

06 June 2022 This will be income from house property.
Section 194IC TDS applicable only when payment per month exceed 50,000.


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