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TDS u/s 194I - If the payment exceed the limit in 12th month

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29 May 2021 Dear Expert,

We are company paying rent to landlord on monthly basis. per month rent rs 19500 hence we are not deducting any TDS. We have paid sum rs 214500 upto Feb'21 ( 11 months ). Suddenly Mar'21 onwards landlord has demand to increase the rent payment hence we have increase the rent from 19500 to 26500. in this case how much TDS will be deducted.? for the whole amount of rs 241000 ( 214500 + 26500 ) or for rs 1000.?
Please share any supporting's ( Case law,Etc ) if TDS need to deduct rs 241000.

29 May 2021 Deduct TDS on 241000.

29 May 2021 Agree with the above. Refer section 194I for details.




30 May 2021 Thanks for the confirmation. in this case we need to pay any interest for non deduction / late pay for rs 214500.?

30 May 2021 No, on the entire 2.41 lacs from the date of crossing the threshold limit till the date of payment



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