Are you living in a rented accommodation and paying a high amount of rent? You are now required to deduct TDS (tax deducted at source) on it and submit the same to the Income Tax Department. As per the new provision, effective from June 1, 2017, if your monthly rental payments exceed Rs 50,000, then you are required to deduct 5% TDS on it.
http://www.financialexpress.com/money/income-tax-filing-paying-rent-of-over-rs-50k-here-is-what-you-must-do-now/843450/lite/
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