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.
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.
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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