Tds on rent paid to two persons

If the tenent pays total rent of Rs.80K,he pays to two persons of family Rs. 40K each then is tds applicable?
Replies (1)

 The tenant pays a total rent of ₹80,000, split equally between two family members, ₹40,000 each.

_TDS Applicability:_ As per Section 194-I of the Income-tax Act, 1961, TDS is applicable on rent payments exceeding ₹2,40,000 per annum

. _In this case:_ Since the rent payment to each individual is ₹40,000, which is below the threshold of ₹2,40,000

, TDS is not applicable.

_However:_ If the total rent payment of ₹80,000 were made to a single person, TDS would still not be applicable, as the threshold of ₹2,40,000 is not exceeded.

_Important Point:_ It's essential to note that TDS applicability can vary depending on individual circumstances.

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