Tds on rent of residential property

This query is : Resolved

Shashank Kotak (Querist)
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06 July 2015 Plz confirm whether TDS to be deducted on rent of immovable property..?

Service receiver is company and service provider is individual.

Note :Rent paid for dwelling for company staff.

Sandeep Dharar

Sandeep Dharar (Expert)
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06 July 2015 For residential dwelling of Companies staff, no TDS is to b deducted.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 October 2021 Section 194-IB of the Income Tax Act, 1961 states that for all the transactions with effect from June 1, 2017, tax @ 5% or 3.75% should be deducted (depending upon the Date of Payment/Credit to the Landlord) by the Tenant/ Lessee/ Payer of the property at the time of making payment of rent (to Landlord / Lessor/ Payee) .
Introduced in FY 2017-18

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