Individual or HUF responsible for paying rent exceeding Rs. 50,000 per month to resident required to deduct 5% TDS u/s 194-IB. Proposed amendment reduces TDS rate to 2% effective October 1, 2024, rationalizing and simplifying taxation of capital gains.
Individual or HUF responsible for paying rent exceeding Rs. 50,000 per month to resident required to deduct 5% TDS u/s 194-IB. Proposed amendment reduces TDS rate to 2% effective October 1, 2024, rationalizing and simplifying taxation of capital gains.
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