TDS u/s 194I applicable rate

This discussion clarifies the applicable TDS rate under Section 194I for rent payments. If the rent invoice was booked in March 2021 when the rate was 7.5%, and the tax payment for FY 2020-21 (AY 2021-22) reflects this, then 7.5% is the correct rate, even if payment occurred in May 2021. The revised 10% rate applies from April 1, 2022. It's also noted that a 25% COVID-19 relaxation previously reduced TDS rates, making 7.5% the applicable rate during that period.