INTIMATION OF TDS ON RENT (SECTION 194-IB)
The tenancy concerning Flat 804, Maya Garden City, Zirakpur, Punjab commenced on 1 April 2026.
Date: 2 April 2026. Tax regime: Income-tax Act 1961 section 194-IB event on or before 31 March 2026.
For legacy rent events under section 194-IB of the Income-tax Act, 1961, specified individual/HUF tenants paying a resident more than ₹50,000 for a month or part of a month were required to deduct tax; the rate was 2% after 1 October 2024. For rent events on or after 1 April 2026, the Income-tax Act, 2025 and Income-tax Rules, 2026 govern the corresponding withholding and challan-cum-statement process.
Rent period: 3 April 2026 to 6 April 2026. Monthly rent: ₹75,000 (Rupees Seventy Five Thousand only). Gross rent: ₹9,00,000 (Rupees Nine Lakh only).
TDS rate: 2%. TDS amount: ₹18,000 (Rupees Eighteen Thousand only). Deduction date: 4 April 2026. Deposit/statement due date: 5 April 2026.