12/09/2025
If you are paying rent of more than ₹50,000 per month, then Section 194-IB of the Income Tax Act applies to you. Under this rule, you (the tenant) are responsible for deducting 5% TDS on the annual rent and depositing it with the government. Many tenants don’t know about this and later face penalties and interest. Let’s break it down clearly....
If you are paying rent of more than ₹50,000 per month, then Section 194-IB of the Income Tax Act applies to you. Under this rule, you (the tenant) are responsible for deducting 5% TDS on the annual rent and depositing it with the government. Many tenants don’t know about this and later face pena...