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

Suppose one is paying monthly rent exceeding ₹50,000, and falls under the category of persons required to deduct TDS (such as ...

Is TDS on salary paid to partners to be deducted under Section 192 or Section 194T? As clarified earlier, Section 192 applies ...

If the interest amount in a particular bank is over Rs 1 lakh then TDS is deducted by banks. But if a senior citizen files ...

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

It is mandatory to register the digital signature of authorized persons on TRACES to submit the Refund Request. PAN of ...

As per the revised rules, the bank will deduct TDS if the aggregate annual interest amount crosses Rs 50,000. However, the bank will not deduct any TDS if a general citizen keeps his/her interest ...

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

Under Section 194-I of the IT Act, individuals who are paying a rent of Rs 50,000 per month or more as rent to their resident Indian landlords must deduct TDS at 2% on the amount they remit every ...