Non-resident Indians (NRIs) commonly invest in real estate in India, and rent it out. If your landlord happens to be an NRI, make sure you deduct tax at source (TDS) each month from the rental payment ...
Budget 2025 has increased the threshold limit to deduct TDS on house rent paid by non-individuals like companies, etc. Now TDS on house rent paid has to be deducted from the rent payment if the rent ...
The Income Tax Department is sending notices to salaried taxpayers who claimed House Rent Allowance (HRA) but did not deduct tax at source (TDS) on rent payments in past financial years. The notices ...
Since a few years now, the Income Tax (IT) Department has been making protocols with respect to realty transactions, making it much more stringent. From registering rental agreements with the correct ...
The government last year introduced Section 194IB of the I-T Act, which makes it mandatory that individuals and HUFs who are paying rent of more than Rs 50,000 per month have to deduct 5% of the rent ...
Budget 2025: Finance Minister Nirmala Sitharaman said that the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. "This will reduce, this will reduce the number of ...
The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...
TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where ...
Non-resident Indians (NRIs) commonly invest in real estate in India, and rent it out. If your landlord happens to be an NRI, make sure you deduct tax at source (TDS) each month from the rental payment ...
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