Whether tds on arrear amount of rent is to be deducted or not, if arrear amount is crossing the limit
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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to rent arrears. If a cumulative rent payment, including arrears, crosses the prescribed limit, TDS must be deducted. This applies even if the arrears relate to previous financial years, as the deduction is triggered by the current year's payment or credit that exceeds the threshold.
Rent for land and building, rent per month is around Rs 5000,but arrear amount is more than Rs 200000 as the rent amount was paid less, now calculating exact amount Arrear amount is more than 200000.
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