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krishna kumar   17 May 2021

TDS rate for the house rent payment

how much rate of tds we have to deduct during the payment made for house property

 5 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     17 May 2021

TDS @ 1% on payments made towards purchase of an immovable property.

1 Like
Sivaramaraju G

Sivaramaraju G (Learner)     17 May 2021

1% of TDS needs to be deducted on whole amount if total value is >50 Lakhs.
if No PAN of seller then 20% of TDS will be applicable.
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     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

1 Like
veerendar singh

veerendar singh (tax consultant)     17 May 2021

Tds u/s 194i is applicable at 10% of rent paid or credited.
you have to also check if other conditions are satisfied.

Sourav (Student)     17 May 2021

194IA @ 1%

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