New Delhi: Is your house rent more than Rs 50,000? If yes then there’s an important update you should know. Starting October 1, 2024, the TDS (Tax Deducted at Source) on such rent payments has been ...

Recently , Abhishek, a salaried person who was living in a rented house, was asked to pay a tax penalty of Rs 1 lakh by the income tax department. Even though this penalty was discretionary, it was ...