Senior citizens are eligible for specific tax benefits, such as the ability to fill out Form 15H to prevent TDS from being ...

Paying over Rs 50,000 in monthly rent? New TDS rules under Section 194-IB require tenants to deduct and file tax. Heres what ...

Each year, many individuals face penalties and interest charges due to missed steps in TDS compliance, often stemming from ...

With the introduction of the New Income Tax Bill 2025, a major change has been proposed that will impact taxpayers across the ...

The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tenants paying rents over ₹50,000 per month must deduct 2% TDS.

Non-TAN requirement: Tenants do not need a TAN (Tax Deduction Accountant Number) to file Form 26QC or issue Form 16C.

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...