Tan required

is it mandatory to have tan for tds on rent exceeding Rs.50000 pm
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Quick Summary
This discussion clarifies the mandatory requirement of a TAN (Tax Deduction and Collection Account Number) for deducting TDS (Tax Deducted at Source) on rent payments exceeding £50,000 per month. It confirms that if the rent is for business purposes and surpasses £240,000 annually, a TAN is indeed compulsory for TDS deduction.

If used for Business purposes deduct tds
Yes It's Mandatory For Rent more than 240000 p.a

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