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%?
Is the certificate issued by ITO, with specific reference to the property and rental amount?
Gowra Ventures Pvt Ltd
Hyderabad
CA
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BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
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CAclubindia
Pro
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