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TDS rate for the house rent payment
how much rate of tds we have to deduct during the payment made for house property
Replies (5)
Quick Summary
TDS @ 1% on payments made towards purchase of an immovable property.
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.
if No PAN of seller then 20% of TDS will be applicable.
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
Tds u/s 194i is applicable at 10% of rent paid or credited.
you have to also check if other conditions are satisfied.
you have to also check if other conditions are satisfied.
194IA @ 1%
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