Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month

The Income Tax Department has issued notices to Taxpayers who have been paying a rent of ₹50,000 or more per month and not deducted Tax Deducted at Source (TDS) while remitting the amount to landlord, a tax expert said. 

Many taxpayers have received a notice from the Income Tax Department pertaining to the assessment years 2023-2024 and 2024-25 stating that you made a claim of House Rent Allowance (HRA) for specific years and not deducted TDS on that. The notice also states, If you want to file an updated return by reducing your claim, this is the right time to do it, Abhishek Murali, President, All India Tax Payers’ Association said.

Read more at: The Hindu