TDS Applicability in case of Rent Paid

CBDT notified that TDS on Rent u/s 194Ib in the Income Tax Act under which, any person (including Individual/HUF to whom requirement of the tax audit is not applicable) paying rent of Rs 50,000 or more per month must deduct TDS at 5% (w.e.f 01.06.2017). 

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section 194c or 194i

Section 194C – TDS on Payment to Contractor: We often get confused which charging sections to use Section 194c or 194i. Let,s deal it with Clarity:   What is Section 194C? Deals with: Payments of any amount to Contractors or Sub-Contractors. Section 194C states that any person responsible for paying any sum to resident contractor for carrying out any work (including supply of labor), In pursuance of the following contract between the contractor and the following: Any company Any university or deemed university The Central Government or any State Government Any local authority…

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