Tds on rent income

This discussion clarifies the thresholds for TDS (Tax Deducted at Source) on rent income. Generally, if your gross turnover is below £1 crore (for business) or £50 lakh (for profession), you can receive up to £240,000 per tenant annually without TDS. However, if you are subject to an IT Audit under Section 44AB, this limit reduces significantly to £20,000 per tenant, or £50,000 if not applicable for audit.