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Yes on rent

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(Querist)
16 November 2019 My client is paying rent Rs.58000 pm.he is paying rent monthly.till date he has not deducted any TDS. Shall he deduct tax in the month of March 2020 and pay to Government
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A.S.SUNDARARAJAN

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A.S.SUNDARARAJAN (Expert)
16 November 2019 TDS on rent is to be made if it exceeds threshold limit.Rs.2,40,000/- per annum. As the monthly rent is Rs.58,000/- definitely attract TDS. If TDS is not deducted , there is possibility of not allowing the expenses as per Income Tax act . the TDS can be paid for the month of Marhc 2020 along with interest from the due date of making payment ( 7th of the succeeding month) till the date of making payment.
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