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TDS RENT TENANTS
ITR Filing: Tenants paying over Rs 50,000 rent must check this TDS requirement- Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
- New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...
- Paying ₹50,000+ rent? Avoid heavy penalties—complete this TDS checklist before March 31, 2026
- Paying high rent? Don't forget to deduct TDS before March 31, 2026 or you may face penalties and interestTenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year e...
- Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know whyAn individual faced a Rs 1 lakh penalty for not deducting TDS on monthly house rent of Rs 55,000. According to Section 194-IB, TDS at 2% mu...
- TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guideTDS: If you are paying rent above Rs 50,000 then you need to deduct TDS at 2% rate from October 2024. But this rate of TDS was 5% earlier, ...
- Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDSTDS on rent: According to a Income Tax Department brochure, Form 16C is a TDS certificate issued by a tenant to a landlord for rent payment...
- Claimed HRA but skipped TDS? Income Tax department comes knocking with noticesTaxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tena...
- Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
- Budget 2024: Rate of TDS on house rent payment of more than Rs 50,000 per month cut to 2% from 5%Union Budget 2024: Now you will have to pay a lower percentage of tax deducted at source (TDS) on house rent payments exceeding Rs 50,000. ...
- Claiming HRA tax exemption? This is what your rent agreement should includeRent agreement for HRA tax exemption: Employers must collect supporting documents, such as rent receipts, in order to provide the HRA deduc...
- When is TDS to be deducted from house rent payments to the landlord?If you are paying a house rent of more than Rs 50,000 per month, then make sure to deduct TDS from such rent and deposit it in the governme...
- 6 lesser-known facts of HRA tax exemptionHouse Rent Allowance is an important component of your salary and hence it is important that you know certain key aspects of it so that you...
- Paying rent less than Rs 50K but sharing flat with others? You could be liable to deduct TDSIf a tenant is paying an rent of more than Rs 50,000 to his/her Indian resident landlord then TDS must be deducted. However in case a flat ...
- Paying Rent to NRI landlord? Deduct TDS, else pay penaltyAre you paying housing rent to a Non-resident Indian? If yes, then ensure that you are deducting tax before making a rent payment to the NR...
- When and how should a tenant deduct TDS on rent paid to landlord?Individuals paying rent of more than Rs 50,000 per month have to deduct 5% of the rent paid in a financial year as tax. Here's how to pay i...
- Cut TDS from June 1 if paying rent over Rs 50,000 per month: Here's how to do itThe general thinking among people is that this process would just add to the overall complexity in the existing tax structure.
- Paying Rs 50,000 rent per month? Better cut 5% TDSSection 194-IB introduced by the Finance Act, 2017 has widened the scope of withholding tax by making individuals also responsible for TDS ...
- Q&A: TaxIf your tenant is an individual who was carrying out a business or profession, the accounts of which were subjected to tax audit during the...
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