Rental TDS
This query is : Resolved
Quick Summary
23 April 2021
Hello All
My client has given his residential property on rent for Rs60000- pm to an individual.
I want to know:
1. Is there any tds applicablity on the tenant. If yes how much tds he will deduct monthly or annually?
2. If the commercial shop is given on rent then what is the applicablity of TDS on the tenant who is individual..
Pl advise.
Regards
My client has given his residential property on rent for Rs60000- pm to an individual.
I want to know:
1. Is there any tds applicablity on the tenant. If yes how much tds he will deduct monthly or annually?
2. If the commercial shop is given on rent then what is the applicablity of TDS on the tenant who is individual..
Pl advise.
Regards
CA R SEETHARAMAN
(Expert)
23 April 2021
1 yes, TDS applicable at 10%.
2 10% TDS applicable if payment exceed 2,40,000.
2 10% TDS applicable if payment exceed 2,40,000.
23 April 2021
Sir
The tenant is an individual.. is it 5 percent.. who shall pay and how.
The tenant is an individual.. is it 5 percent.. who shall pay and how.
23 April 2021
Sir
The tenant is an individual.. is it 5 percent.. who shall pay and how.
The tenant is an individual.. is it 5 percent.. who shall pay and how.
CA R SEETHARAMAN
(Expert)
23 April 2021
Yes, 5% monthly TDS applicable. Obtain TAN and remit TDS and file TDS return.
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