Renting

Renting property in Mumbai, especially in areas like Bandra, Juhu, South Mumbai, and Powai, often exceeds Rs. 50,000 per month. With this, tenants must understand the obligation to deduct TDS under the Income Tax Act. Failing to comply can result in penalties and legal consequences for both landlords and tenants. Here’s a breakdown of how TDS applies to rental payments: 1. Understanding TDS on Rent...

In today's world, where buying property often feels out of reach, renting has become the next best option. A rental agreement is essential for anyone looking to rent their property, those seeking to rent a property, or anyone needing shelter in a big city. What is a Rent Agreement? A rent agreement is a legal contract between a property owner (landlord) and the person who wishes to live there...