Rent of immoveable property Section 155

Rent of immoveable property Section 155: Presently, there was no withholding of income tax under section 155 on the rental income which falls under other head like income from other sources on ground rent or on sub lease of land or building, however, now the Finance Bill 2021 has inserted the explanation by virtue of which it is clarified that withholding of income tax would be made on rent of immovable property even if the rental income does not fall under the head income from property.

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