All you need to know about the new laws of TDS On Rent
Of course, we all wait eagerly for the budget every year. Most of the time it brings a big smile to our face or sometimes it takes our anxieties to the toughest level. Some new laws have been introduced in the last year budget. Section 194-IB is the example of such debutante. Earlier, there was only one section that has brought the rent under the umbrella of TDS and it was section 194-I. Now, the most wondering thing is why would section 194-IB brought in when section 194-I was already there. The simple answer is "To widen the tax base".
