Lower deduction certificate

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I am paying rent to a company and also deducting 10% TDS on the same.

Now, the company has availed a Lower Deduction Certificate which says that TDS to be deducted at 2%

Section Code mentioned in Lower Deduction Certificate is 194IB

But, as I get audited under 44AB, I am deducting TDS U/S 194I

Now, do I need to deduct TDS at 10% or 2%?

Replies (1)

Is the certificate issued by ITO, with specific reference to the property and rental amount?


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