Hello folks
If I am a tenant what is the monthly rent limit (for residential property) above which I'm obliged to cut TDS from rent?
At some places it says the amount is 180000 or 24000 (updated) per year.
and other places the amount mentioned is 50000 per month.
Which one is correct? If both then how does one know which limit to follow. For example if I pay 36000 in rent do I need to cut TDS or pay the entire amount to the owner?
CAclubindia
