Income Tax Changes: New TDS Rules Effective April 2026
Starting April 1, 2026, tenants paying over ₹50,000 in rent must deduct 2% TDS. Non-compliance could lead to penalties.
Form 121 Revolutionizes TDS Declarations in India
The introduction of Form 121 marks a significant shift in TDS declarations for individual taxpayers in India, replacing the older Forms 15G and 15H.