TDS on Rent – Sec. 194I of Income Tax Act, 1961
Section 194-I of the Income Tax Act mandates the deduction of income tax at source (TDS) by certain entities responsible for paying rent to residents. Here’s an elaborate breakdown of its provisions: What is Rent for understanding section 194I? Rent includes payments under lease, sub-lease, tenancy, or any other agreement for the use of Applicability […]