TDS on rent applicable

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729 Points Posted on 11 March 2022
Dear Sir,

Rent on land is Rs. 30000/- per month ( Annual 360000/-)so please suggest can we need to deduct TDS or pay full amount cheque
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On 11 March 2022 at 18:52 Report
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Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) on rent payments. It confirms that TDS is applicable on rent for land, even if your business turnover is below audit thresholds. The standard rate of 10% applies, and you should refer to Form 26QC for specific guidance, regardless of whether an audit is applicable to your company.

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CFO- at NHTF
58280 Points Posted on 11 March 2022
If Audit is not applicable then tds not applicable ..

50k limit is applicable for non audit cases of 26QC
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On 11 March 2022 at 19:01
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729 Points Posted on 11 March 2022
Sir, Audit is applicable on our case Turn over is Rs.1.81 crore. so need to deduct how much
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On 11 March 2022 at 19:17
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CFO- at NHTF
58280 Points Posted on 11 March 2022
Land or building 10%
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On 11 March 2022 at 19:29
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729 Points Posted on 11 March 2022
Thank you very much Sir
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On 11 March 2022 at 22:16
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Profession Business
28246 Points Posted on 12 March 2022
The question of audit is irrelevant.
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On 12 March 2022 at 07:26
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Chartered Accountant
5010 Points Posted on 12 March 2022

Yes, TDS will be applicable @ 10%

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On 12 March 2022 at 13:31
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CFO- at NHTF
58280 Points Posted on 12 March 2022
Read Form 26QC , you will come to the relevance of Audit & Non audit cases
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On 12 March 2022 at 20:13

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