{"id":1554,"date":"2025-07-10","guid":{"rendered":"https:\/\/APNOKACA.com\/blog\/?p=105601"},"modified":"2025-07-10","slug":"don-t-get-penalized-the-essential-guide-to-tds-on-rent-above-50-000","status":"publish","type":"post","link":"https:\/\/APNOKACA.com\/blog\/don-t-get-penalized-the-essential-guide-to-tds-on-rent-above-50-000","title":{"rendered":"Don't Get Penalized: The Essential Guide to TDS on Rent Above 50,000"},"content":{"rendered":"\n
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<\/i> Income tax <\/a>

Don't Get Penalized: The Essential Guide to TDS on Rent Above 50,000 <\/h1> <\/div>

This blog post provides a comprehensive guide for individuals and HUFs paying monthly rent above 50,000, highlighting their often-overlooked TDS obligations under Section 194-IB of the Income Tax Act. It details who is applicable, the current TDS rate (2% from Oct 2024, 5% earlier), deduction and deposit timelines (annual deduction, 30 days for deposit), and the use of Form 26QC and Form 16C. Crucially, the post emphasizes the severe consequences of non-compliance, including various interest charges, late filing fees (up to 200\/day), substantial penalties (10,000-1,00,000), and even potential prosecution. It also offers actionable steps for compliance and guidance for those who have missed previous deductions, urging tenants to prioritize this crucial tax duty to avoid significant financial and legal repercussions. <\/p>

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<\/div> Krishna Gopal Varshney <\/a>

An editor at Myitronline<\/p> <\/div>