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26qc payment date

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NICSON JOHN

362 Points Posted on 18 January 2023

i am paying rent to the owner.i want to file 26qc...when it is to be filed..? and is there any issue it is filed quarterly..?pls reply thanks in advance

Replies (6)

Quick Summary

This discussion clarifies the filing dates for Form 26QC, which is used for paying TDS on rent. The general rule is to file within 30 days of the end of the month the rent was paid. However, Form 26QC must be furnished either at the end of the financial year or when the property is vacated. While filing is typically done annually, it may be required twice if you move during the financial year. You can deduct TDS monthly, quarterly, or half-yearly, but the actual 26QC filing is usually done once per financial year or upon vacation.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 18 January 2023

The due date of payment of TDS on rent is thirty days from the end of the month in which the deduction is made.

Example: If a taxpayer has made payment of rent in the month of December, then corresponding TDS should be deposited on or before thirty days i.e. January 30th.

According to rule, Taxpayer/Tenant should furnish challan-cum-statement in Form 26QC in following scenarios:-

At the end of the FY or in the month when the premise is vacated / termination of agreement. However, taxpayer has to mandatorily file the Form at the end of each Financial Year (in case the agreement period contains more than one FY and rent has been paid/credited during the year)
In the month when the premise is vacated/ termination of agreement ( in case the agreement period falls in the same FY)

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 18 January 2023

26QC filing is yearly once . You can file after deduct tds for March.

Incase you changed the house during FY then you may have to file twice

NICSON JOHN

362 Points Posted on 19 January 2023

So no need to deduct tds monthly.?one time deduction and filing is enough?

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 19 January 2023

Yes , one time deduction is sufficient for the entire year and same written in the section

NICSON JOHN

362 Points Posted on 21 January 2023

If I file this return quarterly..is there any issue..?

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 21 January 2023

The rule is to deduct and pay tds through 26QC either on vacation of house or at the time of payment of rent for March .

You may do it monthly, quarterly or half yearly. No issues