Rent TDS by individuals and HUFs requires deduction at source, filing compliance, and separate treatment of maintenance charges. Section 194IB applies to individuals and Hindu undivided families paying rent exceeding fifty thousand rupees for a month or part of a month to a resident, subject to the turnover-based exception under section 194I. Tax is deducted at 2% from 1 October 2024, earlier 5%, at credit or payment, with no TAN requirement. The deductor must file Form 26QC within thirty days and issue Form 16C within fifteen days. Rent includes lease, sub-lease, tenancy, or similar payments, while common area maintenance charges are separately deductible under section 194C.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rent TDS by individuals and HUFs requires deduction at source, filing compliance, and separate treatment of maintenance charges.
Section 194IB applies to individuals and Hindu undivided families paying rent exceeding fifty thousand rupees for a month or part of a month to a resident, subject to the turnover-based exception under section 194I. Tax is deducted at 2% from 1 October 2024, earlier 5%, at credit or payment, with no TAN requirement. The deductor must file Form 26QC within thirty days and issue Form 16C within fifteen days. Rent includes lease, sub-lease, tenancy, or similar payments, while common area maintenance charges are separately deductible under section 194C.
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