Income Tax , 194-IB, TDS <50k pm to 2 owners but >50k in total

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Discussion < Income Tax < 194-IB, TDS <50k pm to 2 owners but >50k in total

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[ Scorecard :141 ]

I am tenant of a Residential House Property in Delhi which has 2 owners (NK HUF and SJ). Am paying 30,000 per month to each owner, so 60,000 in total (i.e. >50k). If Section 194-IB is applicable to me, please give a clear reason / case-law to validate your point.

I will really appreciate your time. Thanks.

niraj

[ Scorecard :59 ]

Yes, Provision of section 194-IB is applicable on you, Rent payble by you is more then 50000. Accordingly you should deduct TDS @ 5% deposit with Central Government

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