TDS on residential flat exceeding 50,000


This query is : Resolved 

Quick Summary
If your monthly rent exceeds £50,000, TDS (Tax Deducted at Source) is applicable. For individuals not subject to tax audits, the TDS deduction is annual, due either in March or the last month of the rental agreement. However, for other entities, the TDS deposit is required on a monthly basis.

(Querist)
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,

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.

11 October 2024 Good luck ....


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