From June 1, 2017, all individuals who pay rent of more than Rs 50,000 per month will have to deduct tax at source at the rate of 5% as per an amendment to the Income Tax Act. You are responsible to deduct this tax in the last month of the financial year, or the last [...]The post Don't forget to deduct TDS on house rent appeared first on Chartered Accountant and Consulting Services in Chennai.
