TDS APPLICABILITY ON RENT

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This discussion clarifies the applicability of TDS on rent payments. If you're already deducting TDS under Section 194I for rent and depositing it, you do not need to deduct TDS again under Section 194Q, even if the total rent paid exceeds £50 Lakhs. Rent is not considered 'goods' for the purpose of Section 194Q.

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(Querist)
13 December 2021 Hi Sir,

We are been paying rent after deducting TDS (194I) and TDS is been depositing with Govt every month bill to bill. And the transaction or the rent paid is crossed 50,00,000(Fifty Lakhs), as per the Income Tax new rule we need to deduct TDS under sec 194Q once the purchase crosses threshold limit.

As we are already deducting TDS u/s 194I and making the payment, do we need to deduct TDS u/s 194Q as well for rent.

Regards,
Santosh
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B Sathyanarayanan

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B Sathyanarayanan (Expert)
13 December 2021 not required , you can file Tds 194 I and not on sales ,since rent is not a goods falling under 194q .
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Santosh

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Santosh (Querist)
15 December 2021 Thank you sir for your information..
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