TDS on residential flat exceeding 50,000
This query is : Resolved
Quick Summary
04 October 2024
Dear Experts,
If monthly rent exceeds 50000 then TDS is required to be deducted.
What will be the due date to deposit the same to government? Is it on monthly or annaul basis?
Pls advice
Regards,
If monthly rent exceeds 50000 then TDS is required to be deducted.
What will be the due date to deposit the same to government? Is it on monthly or annaul basis?
Pls advice
Regards,
Dhirajlal Rambhia
(Expert)
04 October 2024
It is annual deduction either in March or last month of agreement. (for individuals not under tax audit liability)
For others, it is monthly basis.
For others, it is monthly basis.
Dhirajlal Rambhia
(Expert)
11 October 2024
Good luck ....
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