TDS on rent: amendment adds section 206AB, aligning higher-withholding rules with the deduction cap under section 194-IB. The amendment substitutes 'section 206AA' with 'section 206AA or section 206AB' in sub-section (4) of section 194-IB, so that where the higher withholding provisions of section 206AB apply, the deduction cap remains the rent payable for the last month of the previous year or last month of tenancy, affecting TDS mechanics for qualifying individual and HUF payers.
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Provisions expressly mentioned in the judgment/order text.
TDS on rent: amendment adds section 206AB, aligning higher-withholding rules with the deduction cap under section 194-IB.
The amendment substitutes "section 206AA" with "section 206AA or section 206AB" in sub-section (4) of section 194-IB, so that where the higher withholding provisions of section 206AB apply, the deduction cap remains the rent payable for the last month of the previous year or last month of tenancy, affecting TDS mechanics for qualifying individual and HUF payers.
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