Individuals paying monthly rent above ₹50,000 are required to deduct TDS at 2% before making the payment to the landlord. Timely deduction, deposit of TDS through Form 26QC and issuance of Form 16C can help avoid unnecessary penalties and tax notices.
Paying over ₹50,000 in monthly rent? Here’s why you must deduct TDS before making payment to your landlord
Individuals paying monthly rent above ₹50,000 are required to deduct TDS at 2% before making the payment to the landlord. Timely deduction, deposit of TDS …
Lok Darpan
