Introduction Renting out a property can be a lucrative source of income, but it also comes with its share of responsibilities, including tax compliance. One such responsibility is TDS (Tax Deducted at Source) on rent. While many landlords are aware of TDS, it often remains a complex and misunderstood aspect of income tax in India….
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Demystifying TDS vs Income Tax: Know the Differences and Implications
Introduction: When it comes to matters of taxation, the terms “TDS” (Tax Deducted at Source) and “Income Tax” are frequently used but often misunderstood. These two concepts are crucial components of the taxation system, each serving distinct purposes and playing specific roles in the financial landscape. In this blog, we’re here to break down the…