TDS on Rent for Flat given on L&L basis

I am assuming the rent agreement has your name as landlord and the other 2 individuals named as tenants.

1. TDS not required as the individuals are paying less than 50000 Rs a month.

2. Entire TDS shall be deducted and deposited in the last month of the financial year or the last month of tenancy whichever arises first.

As mentioned above, each of the tenant is paying you a rent of Rs. 40,000 per month. TDS u/s 194IB is applicable when the monthly rent is more than Rs. 50,000

 

Thank you Sir, for the clear reply.

Thank you Ma'am for the reply.