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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

TDs on rent - On a reading of the Section 194-I and the scope ...


Section 194-I mandates TDS on rent to expand the tax base, ensuring compliance and transparency in rental income reporting.

April 11, 2012

Case Laws     Income Tax     HC

TDs on rent - On a reading of the Section 194-I and the scope and effect elaborated by the Board it is clear that Section 194-I was inserted to bring more persons in the tax net and it also helps in the reporting of correct income by way of rent - HC

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