i am an individual paying rent more than 50000 per month on housing property. i need following clarity. i am not claiming expenses in business putting the same in drawings. still i am into tax audit.
1. i need to understand from april i have to deduct tax or from july or october?
2 rate is 5 percent or 10 percent?
3. i have to pay tax with govt every month?(in how many days? after cutting) or at the end of the year?
4. different websites say different things.
please help.
nayan saraiya