TDS on rent threshold lowered, expanding deduction requirement to monthly rent payments effective next fiscal year. The amendment expands the requirement to deduct tax at source on rent by replacing the prior annual exemption with a monthly (or part-month) threshold for ... Summary
TDS on rent threshold lowered, expanding deduction requirement to monthly rent payments effective next fiscal year.
The amendment expands the requirement to deduct tax at source on rent by replacing the prior annual exemption with a monthly (or part-month) threshold for payers other than individuals and HUFs; rent exceeding the specified monthly amount will attract withholding, and the change is effective from the start of the next fiscal year.
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