The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With a 31 March deadline to amend returns, tenants could face penalties if they ...

If the rent payable by each tenant does not exceed the threshold of Rs 50,000, the tenants are not required to deduct TDS at ...

A salaried professional, Abhishek, received a shock when he was hit with an income tax notice demanding a penalty of Rs 1,00,000 for failing to deduct Tax Deducted at Source (TDS) on his monthly rent ...

Non-resident Indians (NRIs) commonly invest in real estate in India, and rent it out. If your landlord happens to be an NRI, make sure you deduct tax at source (TDS) each month from the rental payment ...

NEW DELHI: The government on Saturday proposed to enhance annual threshold for deduction of tax at source (TDS) on rent to Rs 6 lakh from the current limit of Rs 2.4 lakh. "I propose to rationalise ...

The Indian Income Tax Act lays down specific rules for deducting TDS (Tax Deducted at Source) on rent payments, especially ...

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh ...

"I propose to rationalise Tax Deduction at Source (TDS) by reducing the number of rates and thresholds above which TDS is deducted. Further, threshold amounts for tax deduction will be increased for ...

The Income Tax Department is sending notices to salaried taxpayers who claimed House Rent Allowance (HRA) but did not deduct tax at source (TDS) on rent payments in past financial years. The notices ...