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TDS on Rent exceeding 50,000/-

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(Querist)
03 August 2022 Dear Sir,

Can TDS on rent be deducted monthly (as it becomes a burden on the owner if it is deducted directly yearly once) but remitting to government yearly once? or

If rent is deducted monthly should the payment and 16C should be generated every month-(12 16C's)?

Please clarify
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 August 2022 As the TDS is deducted every month, Form 16C should be also be filed every month.
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Nimitha Kundanam

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Nimitha Kundanam (Querist)
04 August 2022 Thank you sir. So you mean to say form 16C can be filed any number of times in a year. Not restricted only for filing once a year.




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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 August 2022 Though it is not restricted to once a year, but due to extra administrative work, no one deducts TDS every month.

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