Freinds, one of my client(bank) which is paying house Rent to landlord on behalf of his employee as employee's are eligible , do bank required to deduct TDS on residential rent t landlord and taxabilty of Rent in the hands of employee if any....
05 April 2018
The amount of Rent is taxable in the hands of Employee subject to exemption under HRA. TDS is required to be deducted if the amount of rent paid exceeds Rs. 1.8L per employee per annum.
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