If rent of >50,000 is paid on a monthly basis,
will TDS be deducted on monthly basis?
Or will it be deducted for the whole year from the Rent of last month?
(i.e March)
Monthly.
11 Replies
PARVEEN DAHIYA
(181 Points)
Replied 22 January 2019
not monthly
tds deducted in the last month of previous year.
tds deducted in the last month of previous year.
Vedant Khanna
(374 Points)
Replied 22 January 2019
Even if payments are being made earlier like monthly it is always deducted in the last month?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
Payment of rent is done monthly thats why deduct TDS also monthly
Harshavardhan
(student)
(138 Points)
Replied 22 January 2019
Agree with Ruchika mam. TDS to be deducted on monthly basis.
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 22 January 2019
tds under this section needs to deduct monthly but return need file in once in year or before tenancy period ..
Mohan Panwar
(52 Points)
Replied 22 January 2019
TDS is to be deducted on the last month of year or last month of tenancy as the case may be
Credit or payment thereof whichever is earlier
Credit or payment thereof whichever is earlier
Kundan Mishra
(251 Points)
Replied 22 January 2019
As per section 194ib or any other section of TDS.TDS is calculated on monthly basis except few sections
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