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  1. taxguru.in › income-tax › section-194ib-tds-rent-propertySection 194IB TDS on Rent of Property - Tax Guru

    Jul 6, 2021 · 3) Rate of TDS under Section 194IB Section 194-IB provides that tax at a rate of 5% (3.75% w.e.f. 14.05.2020 to 31.03.2021) should be deducted by the Tenant, Payer or Lessee at the time of making payment of rent to, Lesser, Landlord or Payee.

  2. cleartax.in › s › section194ib-194ic-under-income-tax-actWhat are Sections 194-IB &194-IC Under Income-tax Act? - ClearTax

    Jul 23, 2024 · Rate of TDS Under Section 194-IB. The tax rate applicable is 5%, in case the rent payment exceeds Rs 50,000 per month or part of a month and the landlord’s PAN is provided. In case PAN is not available, then a TDS of 20% will be applicable.

  3. tax2win.in › guide › section-194i-tds-on-rentTDS on Rent - Section 194I, 194IB & 194IC Under Income Tax Act

    Jan 16, 2024 · Section 194I of the income tax covers TDS on rent. It imposes an obligation for TDS deduction on persons (other than individual/HUF who are not subject to audit) making rental payments to resident Indians above a specified limit, i.e., Rs.2,40,000 in a year.

  4. tax2win.in › guide › section-194ib-tds-on-rent-of-propertySection 194IB of Income Tax Act - TDS On Rent Of Property

    6 days ago · The TDS on rent payments by certain individuals or HUFs under Section 194IB is proposed to be reduced from 5% to 2%, effective from October 1, 2024. What is Section 194-IB?

  5. taxguru.in › income-tax › tds-rent-section-194ib-income-taxTDS on Rent Under Section 194IB of Income Tax

    Jan 9, 2020 · The Rate to TDS to be deducted shall be 5%. If PAN of recipient is not available, tax is deductible at the rate of 20%. However, in such case amount of TDS cannot exceed rent payable for the last month of the previous year or last month of tenancy.

  6. cleartax.in › s › tds-rate-chartTDS Rate Chart for FY 2024-25 (AY 2025-26) - ClearTax

    Jul 23, 2024 · The following tables list the various TDS rates applicable to resident and non-resident payments as well as TDS rates on domestic and foreign companies in India.

  7. www.caclubindia.com › articles › clarification-faqs-section-194ib-income-tax-actClarification and FAQs on Section 194IB of Income Tax Act, 1961

    Feb 22, 2021 · Rate of TDS under section 194IB. The Individual or HUF who is liable to deduct TDS in terms of provisions of section 194-IB of the Income Tax Act, 1961 is required to deduct TDS @ 5%. It is important to mention here that in the absence of the PAN of the landlord, the tenant is liable to deduct TDS at the maximum marginal rate of 20%.

  8. groww.in › p › taxSection 194IB of Income Tax Act - TDS on Rent of Property

    The last month to deduct TDS on Section 194IB is in the last month of the financial year or even the last month of the tenancy. The rate of TDS for Section 194I is 10% on the land or building or for both. 10% on the furniture and the fittings. 2% on the machinery or the plant and equipment.

  9. blog.saginfotech.com › section-194ib-tds-rate-property-rentalAll About TDS Rate on Rent of Property Under Section 194IB

    Jul 24, 2024 · 5% TDS Rate Under Section 194IB. Section 194-IB specified that tax with a 5% rate (3.75% w.e.f. 14.05.2020 to 31.03.2021) needs to be subtracted through the Tenant, Payer, or Lessee during the time of furnishing the payment of rent to, Lesser, Landlord or Payee.

  10. taxguru.in › income-tax › section-194-ib-tds-rate-reduced-rent-2percent-wef-01stSection 194-IB: TDS Rate Reduced on Rent to 2% wef 01st October...

    6 days ago · Section 194-IB of the Income-tax Act mandates that individuals or Hindu undivided families (HUFs) must deduct 5% TDS on rent payments exceeding ₹50,000 per month to residents. The Finance Bill 2024 proposes to reduce this TDS rate to 2%, effective from October 1, 2024.