This discussion clarifies how to deduct Tax Deducted at Source (TDS) on residential property rent for the financial year 2024-25. The user inquired about applying different TDS rates (5% and 2%) across the year and filing Form 26QC twice. The recommended approach is to deduct TDS at a single rate of 2% for the entire year and file Form 26QC just once, simplifying the process.
20 May 2025
hiii!!!! my rent of residential property for F.Y. 2024-25 is 1,05,000 p.m. for the entire year and rate of tds till sep 2024 is 5% and from oct 2024 is 2%. how should i deducte tds on rent?? 1. till sep 5% and 2% from oct onwards , file 26qc two times 2. deduct 2% for the entire year and file only one 26qc