What is the difference between section 194-I and 194-IB? Section 194-I is applicable to the tenant who is an individual or HUF (Hindu Undivided Family) and is liable to deduct tax (having a TAN) during the financial year while paying rent. Section 194-IB is applicable to the tenant who is an individual or HUF (Hindu […]
Tag: HUF (Hindu Undivided Family)
PAN stands for Permanent Account Number. This is a 10 character alpha- numeric number used for the identification of the tax paying Indian Nationals. Example: AAECP6176D, AGUPG4076H. The first five characters are alphabets, next four are numerals and the last character is alphabet. Following is important to understand. The fourth character indicates the type of […]