Time of deduction tds on rent u/s 194I

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When is time of deduction of TDS under section 194I if total annual rent is Rs. 3lacs i. e monthly rent 25k as limit is 2.4lacs p.a
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At the time of payment or credit in books whichever if earlier...
This is not only applicable for rent.
This is applicable for entire Sec 194


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