Rent withholding requirement: non-individual payers must deduct tax when crediting or paying rent to a payee. Non-individual and non-HUF payers of rent must deduct income-tax at the time of credit or payment, whichever is earlier. 'Rent' includes payments under leases, sub-leases, tenancies or other arrangements for use of land or buildings, with furniture, fittings and appurtenant land, regardless of ownership by the payee. No deduction is required where the aggregate amounts credited or paid by the payer to the payee in a financial year do not exceed the statutory threshold. Crediting rent to any account in the payer's books, including suspense accounts, is deemed credit to the payee for triggering deduction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rent withholding requirement: non-individual payers must deduct tax when crediting or paying rent to a payee.
Non-individual and non-HUF payers of rent must deduct income-tax at the time of credit or payment, whichever is earlier. "Rent" includes payments under leases, sub-leases, tenancies or other arrangements for use of land or buildings, with furniture, fittings and appurtenant land, regardless of ownership by the payee. No deduction is required where the aggregate amounts credited or paid by the payer to the payee in a financial year do not exceed the statutory threshold. Crediting rent to any account in the payer's books, including suspense accounts, is deemed credit to the payee for triggering deduction.
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