Tds on Rent 26QC

Rent payment per month exceeds 50000/- per month . Two owners are there

One Owner is Resident & another

Owner of the property is non resident.

1.Is Tds applicable ?

2.Do we need TAN ?

3.What if NRI has no PAN ?


These three queries are independent
Replies (2)
Quick Summary
This discussion addresses Tax Deducted at Source (TDS) on rent payments exceeding £50,000 per month, specifically when one landlord is a resident and the other is a non-resident. It clarifies the applicability of TDS under Section 194I and the requirement for a TAN, especially when dealing with non-resident Indian (NRI) landlords who may not have a PAN. The conversation also touches upon the relevance of Section 194IB and the specific form 26QC for reporting.

As per Sec 194 I tds is applicable.
It's above threshold limit of rs.2.4lacs annually. Resident individual paying rent are liable to deduct tds from the landlord. The landlord must hv a pan.
Kindly refer 194IB and answer it again.

Above answer is wrong for present query.

I have mentioned in the title as 26QC

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