Here’s what will happen if you don’t finish these 9 tax tasks by March 31 – Economic Times

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  • Last Updated on 28 October, 2020

March 27, 2019

TDS on rent payments over Rs 50,000 per month:

If you are paying a monthly rent of Rs 50,000 or more then as per income tax laws, you are required to deduct tax at source (TDS) at the rate of 5 per cent on the rent paid.  Chartered Accountant, Naveen Wadhwa, DGM, says: “As per tax laws, it is the duty of the tenant to deduct the tax on the total rent paid. TDS on rent will be deducted only once in a financial year, either at the end of last month of the fiscal.   Read the full article here: Finish these 9 tax tasks by March 31, Taxmann


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