chippy as (ACCOUNTANT) (46 Points)
05 April 2025Dear sir,
Please explain regarding the TDS on rent payment of rs .50000 p.m Is it on payment or per month rent as per rent agreement.
What we have to look into. If paid advance or release arrear amount whether tds applicable if rent as per agreement is less than 50000 p.m
Shayantan Roy
(2 Points)
Replied 05 April 2025
There is no "Add/Delete" button. There are button to "Add Salaries" or Add Rows.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184852 Points)
Replied 05 April 2025
The Finance Bill 2025 proposes an amendment to Section 194-I, increasing the threshold for TDS on rent from Rs. 2,40,000 annually to Rs. 50,000 per month (or part of a month), effective from April 1, 2025. Advance or arrears are not considered for the limit for TDS deduction as per the section
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