TDS on rent under section 194IB limited to last month's rent and excludes surcharge and health and education cess. Tax under section 194IB is deductible at two percent, not subject to surcharge or health and education cess, and the amount deducted cannot exceed the ... Summary
TDS on rent under section 194IB limited to last month's rent and excludes surcharge and health and education cess.
Tax under section 194IB is deductible at two percent, not subject to surcharge or health and education cess, and the amount deducted cannot exceed the rent paid for the last month of the financial year or on termination of tenancy, as applicable.
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