TDS ON RENT ABOVE RS.50000 PM

This discussion clarifies the rules around Tax Deducted at Source (TDS) on rent payments exceeding ₹50,000 per month. It addresses a specific scenario where TDS was deducted on March 31st and deposited on April 26th. The consensus is that no interest is payable as the deposit was made before the due date of April 30th. Guidance is also provided on correctly reporting the 5% TDS rate when filing Form 26QC.