Payment of rent by certain individuals or Hindu undivided family.

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Full Text of the Document

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....ncome 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 tenancy, if the property is....