TDS on rent is applicable for both rented-out commercial and residential properties. The government through the Union Budget 2017 (applicable to FY 2017/18) had inserted a new Section 194-IB to the ...
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 ...
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