TDS on Rent exceeding 50,000/-
This query is : Resolved
03 August 2022
Dear Sir,
Can TDS on rent be deducted monthly (as it becomes a burden on the owner if it is deducted directly yearly once) but remitting to government yearly once? or
If rent is deducted monthly should the payment and 16C should be generated every month-(12 16C's)?
Please clarify
Can TDS on rent be deducted monthly (as it becomes a burden on the owner if it is deducted directly yearly once) but remitting to government yearly once? or
If rent is deducted monthly should the payment and 16C should be generated every month-(12 16C's)?
Please clarify
03 August 2022
As the TDS is deducted every month, Form 16C should be also be filed every month.
04 August 2022
Thank you sir. So you mean to say form 16C can be filed any number of times in a year. Not restricted only for filing once a year.
04 August 2022
Though it is not restricted to once a year, but due to extra administrative work, no one deducts TDS every month.
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