Paying rent above Rs 50,000? Here's why you need to deduct TDS under Section 194-IB by March 31

Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...
Tax Guru

TDS Default Order Time-Barred as Limitation Must Be Computed Quarter-Wise, Not Annually

The Bombay High Court ruled that limitation under Section 201(3) must be calculated based on the financial year in which each quarterly TDS statement is filed. The decision confirms that annual or ...
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Paying over ₹50,000 rent monthly? Know when TDS must be deducted and the tax rules tenants should follow

If you pay more than ₹50,000 in monthly rent, there is an important income tax rule that every tenant in India should know. Under Section 194-IB of the Income Tax Act, tenants paying rent above this ...
Opinion
Tax GuruOpinion

TDS System: An Effective Tax Mechanism or an Unfair Cash Flow Burden on Taxpayers?

Examines whether Tax Deducted at Source, while legally valid, creates working capital strain by forcing early tax payment before profits are ...