TDS on rent: non-individual payers and eligible business individuals/HUFs must deduct tax on rental payments. Liability to deduct tax at source on rent is governed by section 194-I, requiring any person other than an individual or HUF who pays rent to deduct TDS; ... Summary
TDS on rent: non-individual payers and eligible business individuals/HUFs must deduct tax on rental payments.
Liability to deduct tax at source on rent is governed by section 194-I, requiring any person other than an individual or HUF who pays rent to deduct TDS; individuals or HUFs are liable only when engaged in business or profession and meeting applicable turnover or gross receipt thresholds. Rent paid or credited to a business trust that is a real estate investment trust for specified real estate assets is not subject to deduction.
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