Hosted on MSN

TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guide

If you are paying house rent above Rs 50,000 per month then you need to deduct TDS at 2% rate on the house rental payments from October 1, 2024. However, prior to October 1, 2024 this rate of TDS was ...
Mint

Getting a refund of excess TDS on rent deposited by tenants is harder than it's supposed to be

It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). AIS is a detailed summary of a taxpayer's ...
Mint

Paid 5% TDS on rent? This is how you can reclaim it. A step-by-step guide

As a tenant if you are paying a rent for more than ₹50,000 a month, you are supposed to deduct TDS (tax deducted at source) of 2 percent at the time of giving money to the landlord. Before Sept 20, ...