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Tds filling system

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Nishan kotian

Tax practitioner

335 Points Posted on 15 April 2021

tds on rent payment is 7 th of month and quatrerly returns filling.this is the process.
or if any other filling is there or not

Replies (2)

Quick Summary

This discussion clarifies the process for TDS (Tax Deducted at Source) on rent payments. It distinguishes between TDS on residential property rent, governed by Section 194IB, and rent for land/buildings or machinery under Section 194I. The key filing date for TDS on rent is the 7th of the month, with quarterly returns also being a part of the process.

CMA Poornima Madhava

CMA

13117 Points Posted on 15 April 2021

TDS on rent on residential property is governed by the provisions of section 194IB whereas TDS on rent in respect of rent on land/building (other than residential property), plant & machinery are governed by the provisions of section 194I.

194I: https://cleartax.in/s/section-194i-tds-on-rent

194IB: https://cleartax.in/s/section194ib-194ic-under-income-tax-act