Tds rate for rent

we paid monthly 135000 rent for land and building kindly clarify the TDS deduction rate for that rental amount
Replies (4)
Quick Summary
This discussion clarifies the Tax Deducted at Source (TDS) rate applicable to rental payments. It addresses specific scenarios, including monthly rent exceeding £50,000 and the impact of COVID-19 on TDS rates until March 31, 2021. The conversation also touches upon whether the payer is subject to tax audit under Section 44AB, as this can influence the applicable TDS provisions.

10 percent every month should be deducted and deposited by 7th of next month
Above 50000 monthly rent 5% or not
Due to covid situation, TDS @ 7.5% on Rent till 31.03.2021
Depends.. there are two separate provisions of rent payment for TDS. Are you covered under section 44AB ( ie is limit of tax audit applicable ).

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