When is time of deduction of TDS under section 194I if total annual rent is Rs. 3lacs i. e monthly rent 25k as limit is 2.4lacs p.a
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Quick Summary
This discussion clarifies the timing for deducting Tax Deducted at Source (TDS) on rent under Section 194I of the Income Tax Act. The deduction is due at the earliest of when the rent is paid or credited to the landlord's account. This rule applies regardless of the monthly rent, as long as the total annual rent exceeds the threshold.