TDS on rent: Form 26QC requires the tenant to deduct, report and deposit withholding tax with payment details. Form No. 26QC is the challan-cum-statement requiring the tenant/lessee to deduct tax on rent and to report tenant and landlord identification ... Summary
TDS on rent: Form 26QC requires the tenant to deduct, report and deposit withholding tax with payment details.
Form No. 26QC is the challan-cum-statement requiring the tenant/lessee to deduct tax on rent and to report tenant and landlord identification (PAN/Aadhaar), addresses, property details, tenancy period, rent amounts, rate and amount of tax deducted, dates of deduction and deposit, and payment/challan particulars (TDS, interest, fee and total); it provides for e-tax payment options, automated field updates and prescribes date formats for standardised withholding and crediting of tax to the deductee.
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