This discussion clarifies the TDS (Tax Deducted at Source) applicable to building rent paid during the financial year 2020-21. For payments made between 14th May 2020 and 31st March 2021, the TDS rate was reduced to 7.5%. For other periods within FY 2020-21, the standard 10% TDS rate applies if the annual rent exceeds the threshold limit of £2,40,000.