This discussion addresses a query regarding Tax Deducted at Source (TDS) on an office rent payment of Rs 1,50,000 made in May 2020. The response clarifies that no TDS is applicable in this specific case, as there's an exemption limit of Rs 2,40,000 per annum for rent payments.
Ay 2021-22 - Year ending March 2021 ----------------------------------------------------- We have paid a sum of Rs 1,50,000 on account of Office Rent dated 21-05-2020 on account of which TDS payment remained skipped. Please let me know how much TDS on payment of Rs 1,50,000 we will have to pay. Please guide me and oblige.