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Section 194-I - TDS on Rent

Income Tax - Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax - 16 - SEC - 194-I: TDS ON RENT Any person, other than an individual or HUF, is responsible for paying to a resident in India, any income by way of rent is liable to deduct TDS. However individuals or HUF who are covered u/s 44AB(a) and (b) in the preceding previous year are also liable to deduct tax at source. Time of Deduction - At the time of credit or payment, whichever is earlier. Rate of TDS: .....

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in rent: Service tax paid by the tenant does not take the nature of income of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. No TDS on lump sum lease premium paid for acquisition of long term lease: It is clarified that lump sum lease premium , which are not adjustable against rent, are not in the nature of rent u/s 194I. Therefore such payments are not liable for TDS. Rent means any payment, by whatever name called, under any lease, su .....

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