Payment of rent by certain individuals or Hindu undivided family.

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Full Text of the Document

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....g to a resident any income by way of rent exceeding fifty thousand rupees for a month or part of a month during the previous year, shall deduct an amount equal to ^4[two per cent.] of such income as income-tax thereon. (2) The income-tax referred to in sub-section (1) shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of ten....