https://www.taxtmi.com/acts?id=48292 Non-individual and non-HUF payers of rent must deduct income-tax at the time of credit or payment, whichever is earlier. "Rent" includes payments under leases, sub-leases, tenancies or other arrangements for use of land or buildings, with furniture, fittings and appurtenant land, regardless of ownership by the payee. No deduction is required where the aggregate amounts credited or paid by the payer to the payee in a financial year do not exceed the statutory threshold. Crediting rent to any account in the payer's books, including suspense accounts, is deemed credit to the payee for triggering deduction. en-us Thu, 30 Jan 2025 14:26:34 +0530 Thu, 30 Jan 2025 14:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48292 Non-individual and non-HUF payers of rent must deduct income-tax at the time of credit or payment, whichever is earlier. "Rent" includes payments under leases, sub-leases, tenancies or other arrangements for use of land or buildings, with furniture, fittings and appurtenant land, regardless of ownership by the payee. No deduction is required where the aggregate amounts credited or paid by the payer to the payee in a financial year do not exceed the statutory threshold. Crediting rent to any account in the payer's books, including suspense accounts, is deemed credit to the payee for triggering deduction. Act-Rules F. Acts / Amendment Acts Thu, 30 Jan 2025 14:26:34 +0530 https://www.taxtmi.com/acts?id=48292