Finance

Who Should Deduct TDS Under Section 194I of Income Tax Act?

Tax Deducted at Source (TDS) is an integral part of the Indian income tax framework, designed to ensure efficient tax collection at the source itself. One vital provision under TDS regulations is Section 194I of Income Tax Act, which governs the tax deduction on rental income. This section mandates certain entities to deduct TDS on payments made towards rent beyond a specific threshold.
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