TDS on Rent of Property

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‘Rent’ means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any:

  1. land or
  2. Building (including factory building) or
  3. Land appurtenant to a building (including factory building) or
  4. Machinery or
  5. Plant or
  6. Equipment or
  7. Furniture or
  8. Fittings

TDS needs to be deducted on Rent Payment based on its applicability under two scenario:

Particulars Under Section 194 I Under Section 194 IB
Applicablity Assesses liable to audit under clause a and b of section 44AB (Tax Audit) All individuals or HUFs (except those liable to audit under clause a and b of section 44AB)
TDS Rate  10% of Rent Paid 5% of Rent Paid
TDS Deduction Period TDS has to deducted Monthly TDS deducted Annually
TDS Return Period Return to be filled Quarterly (TAN is Compulsory) A Single Return to be filled (No TAN is needed)


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