TDS on rent: no deduction where monthly rent paid or credited does not exceed the statutory threshold. The substituted proviso provides that no deduction shall be made where rent income credited or paid for a month or part of a month to the payee does not ... Summary
TDS on rent: no deduction where monthly rent paid or credited does not exceed the statutory threshold.
The substituted proviso provides that no deduction shall be made where rent income credited or paid for a month or part of a month to the payee does not exceed fifty thousand rupees, thereby exempting such small monthly rent payments from TDS under the amended provision.
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