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Section 194I- TDS on Rent

Section 194I- TDS on Rent

 

The tax deduction from rent payments is mandated by section 194-I of the Income-tax Act.

Section 194-I provides for the deduction of tax by any person (excluding specified individuals or HUFs) from the sum paid or payable as rent to a resident person which exceeds Rs. 2,40,000 during the financial year.

FAQs on TDS on Rent (Section 194-I)

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