supposing I am renting out a property to a company for lets say Rs 20000 per month
so this would make annual rental income 240000 .. now does this mean that under sec 194-I of income tax act, the tenant will deduct TDS % on only ( 240000-200000 = 40000 ) or will the TDS % be calculated on the full 240000 itself?
CAclubindia
