15/02/2017
Paying rent over Rs 50,000 a month? Get ready to deduct 5% TDS!
http://www.myeca.in/paying-rent-over-rs-50000-a-month-get-ready-to-deduct-5-tds
In a move that could curb false house rent allowance (HRA) claims, payment of house rent exceeding Rs 50,000 a month has to be accompanied by a 5 percent tax deduction at source (TDS). The TDS requirement does exist at present but only for individuals and Hindu Undivided Families (HUFs) who need to…