PAYING RENT OF RS.50000/- per month | TDS APPLICABLE @ 5% |

1. Individuals and HUF are required to deduct TDS u/s 194 IB if the monthly rent more than 50000/-
2. Upload the 26QC on TIN web site - The tenant not required to obtain TAN number
3. Download and issue FORM 16 C with in 15 days to the Landlord.
4. Go to https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
5. Select FORM 26QC
6. Fill the details and make the payment.

Here rent  means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any land or building or both