Paying house rent of Rs 50000 or more per month? Penalty you will pay for not deducting TDS

If an individual is liable to deduct TDS before making certain specified payments then it must be done at once. Otherwise the consequences will be dire. Further after deducting and depositing the TDS, an individual must also file a TDS challan cum statement form too. Failure to do so might attract penalty.

from Tax-Wealth-Economic Times https://ift.tt/3bA6LCO