I am tenant of a Residential House Property in Delhi which has 2 owners (NK HUF and SJ). Am paying 30,000 per month to each owner, so 60,000 per month in total (i.e. >50k). If Section 194-IB is applicable to me, please give a clear reason / case-law to validate your point.
I will really appreciate your time. Thanks.
In my case, both the owners are 'resident'. Are you saying that 194-IB is not applicable because payment to 1 'resident' is less than 50k pm (even though I am paying > 50k as rent)?
Please be clear. Thanks.
| Originally posted by : Vasu Goyal | ||
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no....50000 is for a resident.....no case law bcoz its a new section |  |
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