In budget 2017 certain amendments applied for TDS on rent and rates at which TDS on rent is to be deducted. As per Finance Act, 2017, “TDS on Rent” under section 194-IB is liable to be deducted by Individuals or HUFs
TDS on Rent by Individuals and HUF. In case Rent is paid per month more than Rs. 50,000, every tenant for more continue…..