TDS on Rent Under Section 194-IB: Understanding the Transition from 5% to 2%

CA Harshali Salvi , Last updated: 06 March 2025  
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The Union Budget 2024 reduced the TDS rate on rent payments under Section 194-IB from 5% to 2%, effective October 1, 2024. This has created confusion regarding the applicable rate for rent payments, especially for the year ending in March 2025- should TDS be deducted at 5% or 2%? Understanding th

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CA Harshali Salvi
(Practicing Chartered Accountant)
Category Income Tax   Report

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