Is the tenant liable to deduct tds on rent, security deposit payable to the landlord? If yes at what rate? Also whether tds should be deducted from the brokerage payable to the estate agent? If yes then at what rate? Please respond. Thanks
Archana (14 Points)
25 December 2024Is the tenant liable to deduct tds on rent, security deposit payable to the landlord? If yes at what rate? Also whether tds should be deducted from the brokerage payable to the estate agent? If yes then at what rate? Please respond. Thanks
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5672 Points)
Replied 25 December 2024
Let's break down the TDS (Tax Deducted at Source) liability for the tenant:.
2. *TDS Rate*: The TDS rate is 5% of the rent amount, if the rent exceeds ₹50,000 per month.
2. *TDS Rate*: The TDS rate is 5% of the brokerage amount. Important Notes
sabyasachi mukherjee
(27595 Points)
Replied 25 December 2024
Rent provided for business purposes is applicable fir gst.
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