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Alert! Understanding TDS Rules on House Rent: Avoid Penalties on Payments Above ₹50,000
The Income Tax Department has issued notices to tenants paying ₹50,000 or more in monthly rent who have not deducted TDS. Since October 2024, it is mandatory to deduct 2% TDS on rent payments ...
Budget 2025 has increased the threshold limit to deduct TDS on house rent paid by non-individuals like companies, etc. Now TDS on house rent paid has to be deducted from the rent payment if the rent ...
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