Hi All,
I am letting our property to an SBI officer for Rent 20,000. The Lease agreement will be done between SBI and Me. The Tenent is saying SBI will cut 2000(10%) as Tax every Month.
I am confused why they would cut the TAX every Month in advance. As I know I would Filed TDS in the Year end in which I would show Income from House propery.
Would some one suggest how to avoid this tax every month in advance.
I do an contract job and earn 10,000 a month.
Thanks in advance.
