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  1. taxguru.in › income-tax › section-194ib-tds-rent-paid-individual-hufSection 194IB – TDS on Rent paid by Individual / HUF - Tax Guru

    Jul 29, 2019 · Section 194-IB deals with the provisions relating to TDS deduction on Rent paid by individual / HUF, and the same is explained in brief in the current article. Basic provisions of section 194-IB. As per Section 194-IB of the Income Tax Act, 1961, the tenant is required to deduct TDS, if the following conditions are satisfied –.

  2. cleartax.in › s › section-194i-tds-on-rentSection 194I - TDS on Rent - ClearTax

    Jul 4, 2024 · TDS for Rent - Section 194I of the Income Tax Act which refers to TDS deduction for rental income. Check out to understand its application and compliance to manage rental income.

  3. taxguru.in › income-tax › tds-payment-rent-rs-50000-month-individuals-hufsTDS on Rent payment of More Than Rs. 50000 P.M. By ... - Tax Guru

    Oct 24, 2018 · This section requires that every individual and HUF paying rent more than Rs. 50,000/- per month (or part of a month) for the use of any land or building or both, need to deduct TDS at the rate of 5%.

  4. tax2win.in › guide › section-194i-tds-on-rentTDS on Rent - Section 194I, 194IB & 194IC Under Income Tax Act

    Jan 16, 2024 · TDS on Rent: Section 194I implies that an individual who pays rent is subject to tax deduction at the source. Know about tds on rent limit, objective, rates, and exemptions.

  5. taxadda.com › tds-on-rent-section-194ib-individual-hufTDS on Rent by Individual/HUF - Section 194IB - TaxAdda

    Apr 5, 2018 · This section requires certain individuals or HUF to deduct TDS on rent paid for the use of any land or building or both. Persons required to deduct TDS under Section 194IB.

  6. cleartax.in › s › know-form-16c-challan-26qc-deducting-tds-rentForm 16C: TDS Certificate On Rent And Challan 26QC - ClearTax

    Under this Section, individuals and HUFs who pay rent of Rs 50,000 or above will have to deduct TDS at the rate of 5%. This section is effective from 01.06.2017. Up until 31 March 2017, only individuals and HUFs had to deduct TDS at 10% if a tax audit (u/s 44AB) was applicable to them.

  7. news.cleartax.in › what-is-the-tds-provision-for-rent-paid-by-individuals-aboveWhat is the TDS provision for rent paid by individuals above Rs...

    Jul 20, 2021 · Every individual paying monthly rent above Rs 50,000 to the landlord should deduct TDS on rent. This is specified under Section 194IB of the Income Tax Act. This section is also applicable to HUF, which pays rent above Rs 50,000 to a landlord.

  8. www.caclubindia.com › guide › tds-on-rentTDS on Rent: Understanding Section 194I, 194IB and 194IC

    Jun 11, 2024 · TDS on Rent under Section 194I mandates non-individual and non-HUF payers to deduct tax at source when paying rent, with a threshold of Rs 2,40,000 for FY 2024-25. Individuals and HUFs under tax audit must also comply.

  9. taxguru.in › income-tax › tds-on-rent-of-property-with-faqsSection 194-IB TDS on Rent of Property with FAQs - Tax Guru

    Jan 22, 2020 · As per Section 194-IB, if an individual or HUF who is not liable for audit u/s 44AB, is paying rent to a resident exceeding Rs 50,000 for a month or part of a month during the previous year then he will have to deduct TDS at the rate of 5% at the time of making payment of rent to the landlord.

  10. www.caclubindia.com › articles › clarification-faqs-section-194ib-income-tax-actClarification and FAQs on Section 194IB of Income Tax Act, 1961

    Feb 22, 2021 · Section 194-IB deals with the provisions relating to Tax deducted at source (TDS) on Rent paid by individual / HUF. Basic provisions of section 194-IB. As per Section 194-IB of the Income Tax Act, 1961, the tenant is required to deduct TDS, if the following conditions are satisfied -

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