Anyone knows the detailed process of filing 25QC if my rent paid is above 50k?
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Hello.
I live in a residential property whose rent paid is 52k per month. I pay this monthly to landlord.
Now there is a notice that for rent paid above 50k, payer needs to deposit 5% with government.
How to do this? Do i need to pay 5% less to my landlord every month or just 5% less in last month of FY? Also 5% of what? What steps exactly do I have to do?
This is very confusing.
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https://www.desidime.com/discussions/anyone-knows-the-detailed-process-of-filing-25qc-if-my-rent-paid-is-above-50k?page=1#post_6022586
50k what job do you have?
https://www.desidime.com/discussions/anyone-knows-the-detailed-process-of-filing-25qc-if-my-rent-paid-is-above-50k?page=1#post_6022593
Why he is on desidime?
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Read this
https://cleartax.in/s/know-form-16c-challan-26q...