00:00Before the start of the new financial year, it is very important for all the taxpayers to keep some things in mind.
00:18So before the start of the new financial year, we have brought some important points for the taxpayers,
00:24which are very important for them to understand.
00:26Along with that, if they follow these things, then maybe they will be saved from the notice sent by the income tax.
00:34Such taxpayers who pay Rs 50,000 or more every month have been issued a notice by the Income Tax Department,
00:42who did not interfere in the TDS on the source while paying rent to the landlord.
00:47The Income Tax Department has sent a notice to many taxpayers regarding the financial year 2023-2024 and the financial year 2024-2025.
00:56And it is said that during this time, you have claimed for House Rent Allowance i.e. HRA, but did not cut the TDS on it.
01:05In this case, what kind of precautions do taxpayers need to take? Let us tell you in detail in this video.
01:12President Abhishek Murli of All India Taxpayers Association told the media that if you want to file an updated return after your claim, then this is the right time.
01:22He said that if you are living as a tenant in a house and are paying Rs 50,000 or more every month,
01:30then as per the Income Tax Act, you will have to cut 2% TDS on the rent to the landlord as a tenant.
01:38Which started in October 2024, earlier it was 5%.
01:43Therefore, it is the tenant's responsibility to cut the TDS.
01:47The tenant will have to cut the TDS and submit it to the Income Tax Department and the rest of the money will be given to the landlord.
01:54Now the question arises that in such scenarios, what will happen if the tenant does not cut the TDS?
02:00So on this, he said that if no tenant does this, then he will be considered a default taxpayer.
02:06In such a case, interest, fine or penalty can be imposed on you by the department.
02:12These are different in different cases.
02:14It also depends on how long you have not cut the TDS.
02:19Usually it can be up to 1-1.5% per month.
02:23In addition, Abhishek Murli also mentioned a tax shoot on this.
02:27He said that if the landlord has filed an income tax return and has shown the income of the tenant and has also paid the tax,
02:35then in this situation it will not be considered a default and no interest or fine will have to be paid.
02:42So if you also want to avoid this notice sent by the Income Tax, then do follow these things.
02:48And give us your opinion in the comment box and share this video as much as possible
02:53so that people can also save themselves from the notice sent by the Income Tax.
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