tds on rent

Paying ₹50K+ rent? CA flags urgent April 30 deadline most tenants are blindly missing

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Paying ₹50K+ rent? CA flags urgent April 30 deadline most tenants are blindly missing

You may think you’re just a tenant. But if your rent crosses ₹50,000 a month, the Income Tax Department sees you as a tax deductor too. That’s right—if you paid over ₹50,000/month in FY 2024–25, you’re required to deduct TDS and file Form 26QC by April 30, 2025, warns CA Niyati Shah in a LinkedIn … Read more

Rent above ₹50,000 per month? Why claiming HRA alone won’t keep the Income Tax department away

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Rent above ₹50,000 per month? Why claiming HRA alone won’t keep the Income Tax department away

You pay your rent diligently each month, file your income tax returns on time, and even claim your House Rent Allowance (HRA). But suddenly, an unexpected Income Tax Notice arrives, questioning your rent payments and demanding answers.  The trigger? A little-known TDS obligation tied directly to monthly rents above ₹50,000, which many tenants overlook, leaving … Read more