20 September 2024
i am paying rent above Rs 50,000/month. Till last FY i was deducting tds @ 5% on it every march. but post budget there is revision in rate of TDS from 5% to 2% wef from 01.10.2024. I wanted to confirm whether there will be any seperate deduction @ 5% till September and 2% from October onwards.
As this provision says that TDS is to be deducted in last month of financial year or last month of tenancy. So according to me there should be only one deduction i.e. @ 2% in the month of March 25. Please assist
CAclubindia
