Rent on TDS
This query is : Resolved
19 February 2021
Sir,
I am paying house rent monthly for Rs.9000/- (Rs.3000/- each for 3 houses) from July'2020 onwards. Still we are not deducting TDS for the same. What is the ceiling limit for TDS on Rent for Individual? please update me immediately.
I am paying house rent monthly for Rs.9000/- (Rs.3000/- each for 3 houses) from July'2020 onwards. Still we are not deducting TDS for the same. What is the ceiling limit for TDS on Rent for Individual? please update me immediately.
19 February 2021
yes......agreed
upto rs 50000 tds not applicable.
upto rs 50000 tds not applicable.
20 February 2021
All individuals or HUFs (except those liable to audit) paying monthly rent to a resident in excess of ₹ 50,000 are liable to deduct TDS under section 194-IB. So in your case TDS will not be deducted.
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