TDS ON RENT since the rent exceeds RS.50000

This discussion clarifies the rules around Tax Deducted at Source (TDS) on rent payments exceeding £50,000 per annum, specifically under Section 194IB. It addresses whether interest is payable if TDS is deposited within a week, particularly when the March rent is paid in April. The consensus is that if TDS is deducted for March rent and paid by the deadline (typically 30th April, or 30th May if paid in April), no interest is applicable. The deadline for issuing Form 16C is also discussed.