Rent for the month of April & May
paid in June. TDS will be 7.5 or 10 .
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Tds rate query
Replies (2)
Reduced rate will applicable from 14.05.2020
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.
Certain Non-Salaried TDS Rates have been reduced by 25% for the period 14th May 2020 to 31st March 2021.
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