Dear sir,
Please explain regarding the TDS on rent payment of rs .50000 p.m Is it on payment or per month rent as per rent agreement.
What we have to look into. If paid advance or release arrear amount whether tds applicable if rent as per agreement is less than 50000 p.m
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The Finance Bill 2025 proposes an amendment to Section 194-I, increasing the threshold for TDS on rent from Rs. 2,40,000 annually to Rs. 50,000 per month (or part of a month), effective from April 1, 2025. Advance or arrears are not considered for the limit for TDS deduction as per the section
Agreement synopsis is desirable.
In case if the monthly rental amount as per contract is less than 50,000 VND, but there is a prepayment or arrears, will TDS still apply on the amount above 50,000 VND, or will it only be calculated on the actual amount of each month of payment?
Source: Among Us Online
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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