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of <h1>Proposed Amendment to Section 194-I: Raise Tax Deduction Threshold on Rent to Rs. 50,000/Month Starting April 2025.</h1> Section 194-I of the Act mandates that entities, excluding individuals or Hindu undivided families, must deduct income tax on rent payments to residents if the annual rental income exceeds Rs. 2,40,000. The proposed amendment increases this threshold to Rs. 50,000 per month or part thereof, effective April 1, 2025. This change aims to streamline tax deductions at source for rental income, impacting the financial obligations of businesses and organizations paying rent.
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