I pay rent of Rs. 10,500/month by cash. Total yearly rent is Rs. 126000. I am salaried individual and claim HRA exemption on the paid rent. Since rent is more than 120000, shall I deduct TDS under section 194-I or any other section?
I have read many posts on this topic , but not able to understand it correctly. Somewhere it is mentioned that individual needs to deduct TDS only if books are audited under section 44AB. My income is less than 10Lacks/year.
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