Tds on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2018 rent paid to senior citizen of Rs.500000/-p.a. tds deduct or not please provide with explanation.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 August 2018 since monthly rent is less than Rs 50000 a month, no deduction is required unless it is a commercial rent, where the limit is Rs 1.8 lakhs per annum.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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08 August 2018 TDS u/s 194IB This section is applicable on an individual or a Hindu undivided family who are not required to have tax audit as per Income Tax Act which mandates deduction of TDS when rent payment exceeding Rs 50000 for month or part of the month is made. Even Salaried person paying rent more than Rs. 50,000 P.M and claiming HRA are required to deduct and pay TDS of Landlord.

If you falls under above no need to deduct TDS if Rent paid less than 50000/- PM

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