Paying rent above Rs 50,000? Here's why you need to deduct TDS under Section 194-IB by March 31

Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...
Mint

TDS on rent: Why the tax department needs to fix its Traces portal

Certain payments made by individuals attract tax deduction at source (TDS), but many are unaware of it. For instance, 2% TDS applies to rent exceeding ₹50,000 per month, 1% on property purchases above ...
Forbes

Step-By-Step Guide On How To File TDS Return

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...
Mint

Getting a refund of excess TDS on rent deposited by tenants is harder than it's supposed to be

The TDS rate on rent paid was reduced to 2% from 5% with effect from 1 October 2024, a change that many tenants may have missed. It’s that time of the year when taxpayers start downloading the Annual ...