Tds rate query

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5 Points Posted on 15 June 2020
Rent for the month of April & May
paid in June. TDS will be 7.5 or 10 .
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On 15 June 2020 at 17:02 Report
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This discussion clarifies TDS rates for rent payments made in June covering April and May. It explains that the reduced TDS rate of 7.5% under Section 194-I(b) is applicable for rent on immovable property. This reduced rate was in effect from 14th May 2020 to 31st March 2021, representing a 25% reduction for certain non-salaried TDS.

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AUDIT ASSISTANT
179 Points Posted on 15 June 2020
Reduced rate will applicable from 14.05.2020
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On 15 June 2020 at 18:39
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Student
23693 Points Posted on 15 June 2020
Reduced Rate of 7.5% will be applicable. TDS @ 7.5% under Section 194-I(b) of the Income Tax Act 1961 needs to be deducted incase of payment of Rent towards Immovable Property.

Certain Non-Salaried TDS Rates have been reduced by 25% for the period 14th May 2020 to 31st March 2021.
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On 15 June 2020 at 21:26

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