Starting April 1, 2026, tenants paying over ₹50,000 in monthly rent must deduct 2% TDS under new income tax regulations. Failure to comply may lead to penalties.
Tag: tax compliance
Form 121 Revolutionizes TDS Declarations in India
Form 121 has been introduced in India, replacing the previous Forms 15G and 15H for TDS declarations. This change simplifies tax compliance for individuals.