Tenants paying over ₹50,000 rent must deduct TDS under Section 194-IB by March 31 or tenancy end. CA Chandni Anandan explains the simplified process.
Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...
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Income tax rule for tenants: Paying ₹50,000+ rent? Missing this TDS rule can lead to ₹1 lakh penalty
Many people living in rented houses focus mainly on paying monthly rent on time, but very few are aware that income tax rules ...
The Bombay High Court ruled that limitation under Section 201(3) must be calculated based on the financial year in which each quarterly TDS statement is filed. The decision confirms that annual or ...
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