Income Tax : Understand TDS on rent with this guide. Learn about Section 194IB & 195 of the Income Tax Act, their differences, rates, and compl...
Income Tax : Before buying property in India, understand TDS implications based on sellers residency. Navigate TDS rules smoothly with our comp...
Income Tax : Explore Section 194I of the Income Tax Act for tax deductions on rent payments. Learn rates, exemptions, and important clarificati...
Income Tax : Learn about TDS on rent under the Income-tax Act – rates, applicability, exemptions, and procedures. Understand how to comply wi...
Income Tax : Discover TDS rules for rent in India under Section 194-IB. Learn about deductors, exempt entities, rates, deposit process, and leg...
Income Tax : The Finance Act, 2017 inserted new section 194-IB to provide that an Individual or a HUF (other than those covered under clause (a...
Income Tax : In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number...
The Finance Act, 2017 inserted new section 194-IB to provide that an Individual or a HUF (other than those covered under clause (a) & (b) of section 44AB of the Act), responsible for paying to a resident any income by way of rent exceeding fifty thousand rupees for a month or part of month during the previous year, shall deduct an amount equal to five per cent. of such income as income-tax thereon.
In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 48/2017, dated the 8th June, 2017, published vide number G.S.R. 561(E), dated the 8th June, 2017, in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), at page 8, in Form No. 26QC-
