Section 194IB - TDS on payment of rent by certain individuals or Hindu undivided family

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....ividual or a Hindu undivided family (other than Second proviso to section 194-I), responsible for paying to a resident any income by way of rent exceeding 50,000 rupees for a month or part of a month during the previous year. Exception of this section:- An individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him excee....

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....y way of rent exceeding fifty thousand rupees for a month or part of a month during the previous year. No need TAN -  The provisions of section 203A (requirement for obtaining TAN) shall not apply to a person required to deduct tax in accordance with the provisions of this section. Limitation on TDS Amount - The section includes a safeguard to prevent excessive TDS deductions. where th....

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....n fifteen days from the due date for furnishing the challan-cum-statement in Form No.26QC under rule 31A after generating and downloading the same from the web portal specified by the Principal Director General of Income-tax (Systems)or the Director General of Income-tax (Systems) or the person authorised by him. [ Rule 31(3B) ] Note - For the purposes of this section, "Rent" means any payment, b....