FAQs on TDS on Rent

Chapters / List

1. What are the provisions in the Income-tax Act that govern the deduction of tax at source on rent payments?

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2. What is the meaning of Rent for the purpose of section 194-I and section 194IB?

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3. Who is liable to deduct tax at source (TDS) on rental payments under section 194-I?

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4. When the tax is required to be deducted under section 194-I?

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5. What is the threshold limit prescribed for the deduction of tax under section 194-I?

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6. What is the rate at which tax is required to be deducted under section 194-I?

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7. What will be the rate of TDS under section 194-I if the payee does not furnish PAN?

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8. What will be the rate of TDS under section 194-I if payee is a non-filer of income-tax return?

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9. What will be the rate of TDS under section 194-I if payee is a non-filer of income-tax return and also doesn't furnish his PAN?

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10. How to deduct tax at source under section 194-I in case the building is let out along with machinery or other equipment?

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11. Whether payee can claim for nil/lower deduction of tax under section 194-I?

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12. What is the time limit to deposit the tax amount deducted under section 194-I?

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13. Is there any requirement to furnish TDS Statement for tax deducted under section 194-I?

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14. Whether the deductor is required to issue TDS Certificates to the deductee?

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15. Who is required to deduct tax on rent under section 194-IB?

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16. When it is required to deduct tax at source under section 194IB?

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17. What is the threshold limit prescribed for rent for section 194IB?

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18. What is the rate at which tax is required to be deducted under section 194IB?

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19. What will be the rate of TDS under section 194-IB if the payee does not furnish PAN?

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20. What will be the rate of TDS under section 194-IB if payee is a non-filer of income-tax return?

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21. Whether assessee is required to obtain Tax Deduction or Collection Number (TAN) in case tax is to be deducted under section 194-IB?

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22. What is the time limit to deposit the tax amount deducted under section 194-IB?

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23. Whether the deductor is required to issue TDS certificates to the deductee under section 194-IB?

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