If you're paying rent for a flat in Mumbai, you need to know this: TDS on rent in Mumbai is now mandatory if your monthly rent exceeds ₹50,000. Yes, even if you're not a business or company. Let’s simplify this rule, so you don’t fall into legal trouble without even knowing it. 🧾 What Is TDS on Rent? TDS stands for Tax Deducted at Source. Under Section 194-IB of the Income Tax Act,...
