FAQ’s TDS compliance on Rent payment above Rs.50,000/-

As the government of India has emphasized more on tax to be deducted to ensure that the correct tax amount is deposited with the treasury of government and to avoid any loopholes for evasion of tax, under various provisions of Income Tax Act, it has become very important for the persons who are the payee of the amount to become more informed and vigilant about tax implications on the amount paid by them.

Continue Reading