TDS on rent

should TDS deducted for monthly rent for INR 11500/- and 15000/- at what percentage?
Replies (5)
Quick Summary
This discussion clarifies the rules around Tax Deducted at Source (TDS) on rent payments in India. It explains that TDS is generally not required for annual rent below Rs. 2,40,000. Specific TDS rates apply to plant & machinery (2%) and land & buildings (10%), with different rates applicable before March 31, 2021. The deduction is mandatory if the annual rent exceeds Rs. 20,000 and the payment is for business purposes, particularly if a tax audit was required in the preceding year. Personal rent payments typically do not require TDS.

Which periods or months
No TDS on Rent Uptill Rs. 2,40,000/-

TDS Rate on Rent of :
Plant & Machinery = 2% (uptill 31.3.201 = 1.5%)
Land & Buildings = 10% (uptill 31.3.201 = 7.5%)

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CA Sachin M Jain

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Not liable for tds
As per sec .194 I - Limt Rs .20000
TDS required when annual rent paid is exceeding 240000.
another condition is that it is for the business and you have tax audit in year previous to the last year.
if it is for the personal purpose you don't required to deduct any TDS

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