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TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guide

If you are paying house rent above Rs 50,000 per month then you need to deduct TDS at 2% rate on the house rental payments from October 1, 2024. However, prior to October 1, 2024 this rate of TDS was ...
Mint

Getting a refund of excess TDS on rent deposited by tenants is harder than it's supposed to be

It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). It’s that time of the year when taxpayers start ...
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Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDS

The Income Tax Department has released a new brochure explaining Section 194-IB which relates to obligations of a tenant to pay Tax Deducted at Source (TDS) by deducting it from house rent. This ...
Business Today

I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly?

Paying rent for your home is a regular expense, but if it amounts to more than Rs 50,000 per month, the Income Tax Department expects you to play a small part in tax compliance - by deducting TDS (Tax ...