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Understanding Your Tax Obligations as a Property Owner in India
Posted By James Lawson
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Understanding the Income Tax on House Rent in India is essential for tenants and landlords. Under the Income Tax Act, TDS (Tax Deducted at Source) is mandatory for rent payments exceeding a certain amount. This requires the payer to withhold a portion of the rent as tax before payment, helping to prevent tax evasion. In Bangalore, ORO Proptech offers a platform to facilitate accurate TDS filing with the government, ensuring compliance with tax regulations. This system promotes transparency and smooth financial transactions, making the rental process seamless. For more information, visit ORO Proptech's website and stay informed about house rent taxation in India.
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