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TDS ON RENT since the rent exceeds RS.50000

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669 Points Posted on 18 April 2022
MY client has deducted TDs on rent for FY 21-22 .on18/4/2022
is he pay any interest if he deposited the same within one week
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On 18 April 2022 at 20:07 Report
Replies (12)
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CFO- at NHTF
58280 Points Posted on 18 April 2022
Not required if it is deducted on the March Rent..

When was the March rent paid ?
59 Reply
On 18 April 2022 at 20:29
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CA
10436 Points Posted on 18 April 2022
On interest is payable if TDS belongs to march month only as last day of payment for march month TDS is 30 april 2022.
40 Reply
On 18 April 2022 at 22:09
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Profession Business
28196 Points Posted on 18 April 2022
What's the rent per month?
But generally the rent is upgraded every eleven month conventionally.
44 Reply
On 18 April 2022 at 23:23
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CFO- at NHTF
58280 Points Posted on 19 April 2022
But Section 194IB is relevant in this case and Tds has to be deducted once in a year for Form 16C purposes
59 Reply
On 19 April 2022 at 06:43
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Profession Business
28196 Points Posted on 19 April 2022
I do not think so.
44 Reply
On 19 April 2022 at 07:28
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CFO- at NHTF
58280 Points Posted on 19 April 2022
Read form 16C rules and Tds on rent for non audit cases
59 Reply
On 19 April 2022 at 07:29
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669 Points Posted on 19 April 2022
He is paying whole year rent for 21-22 FY
in April 22. shall he liable to pay interest
on tds
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On 19 April 2022 at 08:21
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CFO- at NHTF
58280 Points Posted on 19 April 2022
It's not whole year rent but Whole year Tds on rent ..

Read 194IB once
59 Reply
On 19 April 2022 at 08:23
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669 Points Posted on 19 April 2022
Yes. whole year TDS. FOR 21-22 FY
INTEREST APPLICABLE
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On 19 April 2022 at 08:29
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CFO- at NHTF
58280 Points Posted on 19 April 2022
As per 194IB whole year has to be deducted while paying rent for March .

So if March month rent paid in April then deadline is 30.05.2022 .So no internet is applicable and 15th June will be deadline for Form 16C..

There will be 30days time from the end of the month in which Tds is deducted ..

Read 194IB and form 16C rules
59 Reply
On 19 April 2022 at 08:32
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Profession Business
28196 Points Posted on 22 April 2022
March month rent paid in April. Generally interest is not applicable.
44 Reply
On 22 April 2022 at 07:17
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CFO- at NHTF
58280 Points Posted on 22 April 2022
194IB , Tds on rent is completely different..Entire Tds will be paid in oneshot
59 Reply
On 22 April 2022 at 07:18


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