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Rent threshhold for tds

neha (Others) (386 Points)

16 October 2018

wat is the rent amount above which tds has to be deducted for a financial year and form26qc to be filed

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Rakesh Joshi (CA Final) (1272 Points)
Replied 16 October 2018

If rent is monthly 50 k or above then TDS @ 5% on total rent.

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rahul (a) (1620 Points)
Replied 16 October 2018

10% (5% if rent exceeding Rs 50,000 / month is paid by individual/HUF who are not liable for tax audit)

rama krishnan (12234 Points)
Replied 16 October 2018

if the annual rent payable exceeds 180000 then tds has to be deducted provided that it does not apply to indl and huf who doesn't fall under the purview of 44ab. IN case of tax audit indl and huf, tds to be deducted if monthly rent paid or payable exceeds 50000 @ 5%

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