TDS u/s 194I - Last month only the sum exceed the TDS limit

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kathir (Querist)
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31 May 2021 Dear Experts,

We are company paying rent rs 19500 per month to X ( Individual ) as per agreement. Upto Feb'21 we have already paid rs 214500. LL has demand higher rent hence we have amend the agreement and revised rent rs 26500 paid from Mar'21 onwards. In this case we came to know the rent amount exceed rs 240000 in the month of Mar'21 only. In this situation , TDS should be deducted for 241000 ( 214500 + 26500 ) or Rs 1000 only.? Please share relevant case laws if we need to deduct TDS rs 241000.
Please clarify the same.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2021 The section itself specifies to deduct TDS over total amount, exceeding 2.40 lakhs in any PY.

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TDS u/s 194I - Last month only the sum exceed the TDS limit

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