Under which section of it act bank branches deduct tax at source from payment of rent?Report
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Under which section of it act do bank branches deduct tax at source from payment of rent? I have a question related to the deduction of Tax Deducted at Source (TDS) by bank branches from rental payments under the Income Tax Act in India.
Could someone please guide me on the specific section of the Income Tax Act that governs the TDS deduction by bank branches when making rent payments? I am seeking clarity on the legal provisions that mandate banks to deduct TDS from rental amounts.
Your insights and expertise would be highly appreciated.