The Income Tax Department has introduced Form 141, a single unified TDS form replacing four existing forms. Here’s what it means, who needs to file it, and how it works. https://english.mathrubhumi.com/news/money/form-141-tds-explained-new-income-tax-rules-phxr5anl?utm_source=dlvr.it&utm_medium=mastodon #Form141 #IncomeTaxIndia #TDSRules #TaxUpdate

📢 TDS on Rent Revised – From 01.04.2025
💼 Now applies only if monthly rent > ₹50,000
📉 Earlier: TDS if annual rent > ₹2,40,000
✅ Tenants paying ≤ ₹50K/month = No TDS deduction
👥 Applies to rent paid to residents
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#TDSonRent #FinanceUpdate #IncomeTaxIndia #TaxCompliance #Section194I #TDSUpdate #TaxSimplification #Finance2025 #TaxPlanning #TaxDeductions #TDSRules #globaljurix