You Pay Rs 60,000 Rent. The Tax Department Knows. Did You Deduct TDS?

TDS on rent above Rs 50,000 is not a rule most salaried tenants in Indian metros think about. It should be — because the Income Tax Department is now actively tracking it, and the March 31 deadline just passed. Under Section 194IB of the Income Tax Act, tenants paying more than Rs 50,000 per month…