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Tds on Rent 26QC

Others 261 views 2 replies
Rent payment per month exceeds 50000/- per month . Two owners are there

One Owner is Resident & another

Owner of the property is non resident.

1.Is Tds applicable ?

2.Do we need TAN ?

3.What if NRI has no PAN ?


These three queries are independent
Replies (2)
As per Sec 194 I tds is applicable.
It's above threshold limit of rs.2.4lacs annually. Resident individual paying rent are liable to deduct tds from the landlord. The landlord must hv a pan.
Kindly refer 194IB and answer it again.

Above answer is wrong for present query.

I have mentioned in the title as 26QC


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