13 November 2020
I am an Tenant (Individual under INCOME TAX ACT) paying rent of exactly Rs.50,000/- per month. As Sec.194IB makes it mandatory for tenants to withhold taxes on rental payments, over and above Rs.50,000/- p.m., am I still required to deduct TDS @ 5% for F.Y. 2019-2020?
CAclubindia
