#tdsupdate

The Income Tax Department has revised the threshold under Section 194-I for deducting TDS on rent paid to residents.

🔸 What’s New? 👉 TDS will now apply only if the monthly rent exceeds ₹50,000. 🔸 What Changed? 👉 Earlier, TDS was required if the annual rent exceeded ₹2,40,000. 🔸 Why It Matters? ✅ Simpler compliance ✅ Less paperwork ✅ Better clarity

📆 Effective Date: 1st April 2025

Stay informed, stay compliant.

TDS Limit Increased – More Savings for You!

Starting FY 2025, bank customers will benefit from a higher TDS (Tax Deducted at Source) limit, which means less tax on your interest income and more money in your account!

Want to know how this affects you? Watch the latest video by Rohit Chopra and stay financially informed!

So it's just a few days till opening, and I (Admin Mari) am currently working on some new graphics to freshen up the promos for the opening and for character acceptances, and I'll be aiming (key word is aiming) to get at least three more bios out before opening day.

Today, we're accepting apps we've received, including those we receive today, and once we've opened, we'll be accepting apps as we get them in the inbox!