What is the difference in TDS on Rent u/s 194-I and 194-IB?
What is the difference between section 194-I and 194-IB? Section 194-I is applicable to the tenant who is an individual or HUF (Hindu Undivided Family) and is liable to deduct tax (having a TAN) during the financial year while paying rent. Section 194-IB is applicable to the tenant who is an individual or HUF (Hindu…