TDS rate for the house rent payment
Krishna Kumar (Senior Executive Accounts ) (1 Points)
17 May 2021
how much rate of tds we have to deduct during the payment made for house property
Krishna Kumar (Senior Executive Accounts ) (1 Points)
17 May 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 17 May 2021
TDS @ 1% on payments made towards purchase of an immovable property.
Sivaramaraju G
(Learner)
(2398 Points)
Replied 17 May 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 17 May 2021
Oh! I just noticed the word "rent" in the subject. If you are referring to TDS on rent, then in case of house, if the monthly rent is >50k, then @ 5% of total rent, to be deducted during the last month of year
veerendar singh
(tax consultant)
(3301 Points)
Replied 17 May 2021
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