https://www.taxtmi.com/manuals?id=1603 Section 194IB mandates TDS by individuals and Hindu undivided families on rent payments exceeding the monthly threshold, requiring deduction at the prescribed rate on credit or payment. The provision disapplies the TAN requirement, requires electronic filing of Form 26QC and issuance of Form 16C, and includes a safeguard limiting TDS where the payee has not furnished PAN so that deduction shall not exceed rent for the last month of the previous year or last month of tenancy. "Rent" covers payments under lease, sub lease, tenancy or similar arrangements. en-us Fri, 07 Jul 2017 12:27:00 +0530 Mon, 14 Apr 2025 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1603 Section 194IB mandates TDS by individuals and Hindu undivided families on rent payments exceeding the monthly threshold, requiring deduction at the prescribed rate on credit or payment. The provision disapplies the TAN requirement, requires electronic filing of Form 26QC and issuance of Form 16C, and includes a safeguard limiting TDS where the payee has not furnished PAN so that deduction shall not exceed rent for the last month of the previous year or last month of tenancy. "Rent" covers payments under lease, sub lease, tenancy or similar arrangements. Manuals Income Tax Fri, 07 Jul 2017 12:27:00 +0530 https://www.taxtmi.com/manuals?id=1603