alleryStart learning →Under section 194IB, rent of which month triggers deduction?
AFirst month of tenancy
BEvery month of tenancy
CLast month of year or tenancy
DMonth of advance deposit
Answer & Solution
Correct answer: C. Last month of year or tenancy
Tax is deducted once, when rent for the final month of the year (or of the tenancy, if vacated earlier) is credited.
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