Section 194-IB of Finance Act 2017 dictates that an individual will have to pay TDS on rent if the rent paid amounts to Rs. 2,40,000 or more annually. Before telling you how to pay TDS on Rent online, I would like to share the TDS deduction rates with you.
TDS percentage payable for plant/ equipment/ machinery: 2% of the rent paid
TDS percentage payable for land/ building/ furniture/ fittings: 10% of the rent amount paid, 5% `50,000 is paid per month as rent.
To pay TDS on rent online using Form 26QC, follow the steps given below:
How to pay TDS on rent online?
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March 22, 2021
2021-03-22T14:36:03+00:00 2021-03-22T14:49:43+00:00Comment
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