As per the laws, tenants crossing the threshold are required to deduct Tax Deducted at Source (TDS), deposit it with the government and complete required procedures.
Tenants paying monthly rent exceeding Rs 50,000 are legally required to deduct Tax Deducted at Source (TDS). This deducted amount must then be deposited with the government, along with completing all necessary procedures. Failure to comply with these regulations can lead to the…
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