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Have you paid 5% TDS on rent instead of 2%? Step by step guide to claim refund via TRACES
New Delhi: Is your house rent more than Rs 50,000? If yes then there’s an important update you should know. Starting October 1, 2024, the TDS (Tax Deducted at Source) on such rent payments has been ...
The article explains that individual tenants paying rent above ₹50,000 per month must deduct TDS at 2% under Section 194-IB.
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