In India, the Tax Deducted at Source (TDS) on house rent is applicable to both individuals and entities renting out properties, including those managed by property management companies like ORO Propetch. When the monthly rent exceeds Rs. 50,000, the tenant is required to deduct 5% of the rent as TDS before making the payment to the landlord or property management company. However, if the landlord's annual income falls below the taxable limit, they can submit Form 15G/15H to exempt themselves from TDS. ORO Propetch and similar property management firms assist in ensuring compliance with these tax regulations while efficiently managing rental properties. To know more about TDS on House rent in India make a visit to our website.
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