Sunday, September 24, 2023

Paying rent less than 50K but sharing flat with others? You could be liable to deduct TDS

If a tenant is paying an rent of more than Rs 50,000 to his/her Indian resident landlord then TDS must be deducted. However in case a flat is being shared among multiple tenants, the applicability of TDS on house rent slightly differs. Further this also depends on the the type of rent agreements too.

from Tax-Wealth-Economic Times https://ift.tt/S1XAbcq

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