Tds rate for rent

04 November 2020

we paid monthly 135000 rent for land and building kindly clarify the TDS deduction rate for that rental amount

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4 Replies

Abhishek Selvam O (374 Points)
Replied 04 November 2020

10 percent every month should be deducted and deposited by 7th of next month

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SDR ASSOCIATES (375 Points)
Replied 04 November 2020

Above 50000 monthly rent 5% or not

JATINDER KUMAR (Accountant) (3662 Points)
Replied 04 November 2020

Due to covid situation, TDS @ 7.5% on Rent till 31.03.2021

Prajakta (Student CA IPC / IPCC) (89 Points)
Replied 05 November 2020

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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