Correct Deduction. Proper Filing. Zero Compliance Risk.
TDS on rent is one of the most commonly missed compliances—especially for individuals and small businesses.
Wrong deduction, late payment, or incorrect filing can lead to penalties, interest, and notices.
At N D Savla & Associates, we ensure correct applicability, accurate deduction, and timely filing of TDS on rent.
What is TDS on Rent?
TDS on rent is deducted under Section 194I or Section 194IB depending on the nature of taxpayer and rent amount.
It applies to payments made for use of land, building, plant, machinery, or equipment.
- Applicability under Section 194I and 194IB
- Calculation and deduction of TDS
- Filing of Form 26QC (for individuals)
- Quarterly TDS returns (for businesses)
- Issuance of TDS certificates (Form 16C / 16A)
Applicability of TDS on Rent
- Section 194I – Businesses paying rent above limits
- Section 194IB – Individuals/HUF paying rent above ?50,000/month
- Applicable to commercial and residential rent
Documents Required
- Rental agreement
- Landlord PAN details
- Payment records
- Bank statements
Risks of Non-Compliance
- Interest on late deduction/payment
- Penalty and late fees
- Disallowance of rent expense
- Notices from Income Tax Department
TDS on Rent Process
- Checking applicability
- Calculating TDS
- Deducting and depositing tax
- Filing returns/forms
- Issuing TDS certificates
Why Choose N D Savla & Associates?
Accurate Calculation
Correct TDS deduction under applicable section.
Timely Filing
Avoid penalties and interest.
Compliance Support
End-to-end handling of TDS requirements.
Frequently Asked Questions
What is TDS on rent?
It is tax deducted on rental payments to landlords.
Who needs to deduct TDS?
Businesses and individuals paying rent above limits.
Difference between 194I and 194IB?
194I is for businesses, 194IB for individuals.
What is Form 26QC?
It is used for TDS filing under Section 194IB.
Which firm is best for TDS on rent?
N D Savla & Associates provides reliable TDS compliance services.