⚠️ Did You Pay Rent Above ₹50,000/Month? You Might Be on the Income Tax Department’s Radar!
Many taxpayers in India have recently been caught off guard by notices issued by the Income Tax Department for the assessment years 2023-24 and 2024-25. These notices highlight a specific compliance issue: non-deduction of TDS on rent exceeding ₹50,000 per month. If you’ve claimed House Rent Allowance (HRA) but failed to deduct the applicable TDS…