Rental TDS

This query is : Resolved

sanjay (Querist)
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23 April 2021 Hello All
My client has given his residential property on rent for Rs60000- pm to an individual.
I want to know:
1. Is there any tds applicablity on the tenant. If yes how much tds he will deduct monthly or annually?

2. If the commercial shop is given on rent then what is the applicablity of TDS on the tenant who is individual..

Pl advise.
Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 April 2021 1 yes, TDS applicable at 10%.
2 10% TDS applicable if payment exceed 2,40,000.

sanjay

sanjay (Querist)
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23 April 2021 Sir
The tenant is an individual.. is it 5 percent..

sanjay

sanjay (Querist)
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23 April 2021 Sir
The tenant is an individual.. is it 5 percent.. who shall pay and how.

sanjay

sanjay (Querist)
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23 April 2021 Sir
The tenant is an individual.. is it 5 percent.. who shall pay and how.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 April 2021 Yes, 5% monthly TDS applicable. Obtain TAN and remit TDS and file TDS return.

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