TDS On Rent – Section 194-1 of Income Tax Act, 1961

TDS On Rent – Section 194-1 of Income Tax Act, 1961

According to Section 194I, an individual who pays rent is subject to tax deduction at the source. One must note that TDS can be deducted when the amount of tax to be paid or received in a given fiscal year is over Rs. 180000.  Typically, HUFs and individuals...