Tag Archives: 194IB

194IB -TDS on Rent w.e.f 01.06.2017 in case of Individual and HUF not liable for Audit

Section 194IB – of Income Tax Act [ TDS on Rent ] [ Section 194IB – Deduction of tax at source on Rent in the case of certain Individuals and Hindu undivided family ] *Tax Audit – For Business:-  -If Turnover exceeds Rs 1 Crore for Business  in last year  immediately preceding the financial year  –… Read More »

194IB TDS on what portion of Rent ? if rent increased to 50000 p.m during the year – Budget 2017-18 Suggestions

Suggestions on Clause 63 of Finance Bill 2017 – Section 194-IB – Requirement of tax deduction at source by individuals/HUFs paying monthly rent exceeding Rs.50,000 – Enabling measures to facilitate ease of compliance to be introduced & issue of clarification regarding the amount on which tax has to be deducted at source in a situation… Read More »