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Home > TDS > Service Plans > Form 26QC (TDS on Rent) TDS ReturnLast Updated: Dec 12th 2024

Form 26QC (TDS on Rent) TDS Return Service Plan & Pricing

Service

  • Consultation and guidance in TDS Challan Payment and Filing.
  • Income Tax e-Filing and Traces Registration.
  • Filing of TDS Return (26QC). Refer Guide on Form 26QC
  • Generation of Form 16C
  • Expert support through Email, phone & chat during the business hours.

Who should buy?

  • Any resident individual or HUF (except those liable to audit u/s 44AB(a) and 44B(b) ) who are paying rent to a resident in excess of Rs 50000 per month

Process

  • Upon receiving the documents, our expert will call you before starting the process.
  • Expert team will exchange the information thru email and phone calls, if necessary.
  • Filing of Form 2QC.
  • Generation of Form 16C for the concerned deductees.
  • Estimated Processing Time : For Form 26QC Filing, generally within 1-2 working days and For receipt of Form 16C, generally within 7-15 Working days.

Documents to be Submitted

  • PAN of Tenant and Landlord
  • Address, Mobile No and e-mail id of Tenant and Landlord
  • Address of Let-out Property.
  • Period of Tenancy and Total rent payable

Other Benefits

Every Service comes with the benefits such as

  • Faster Service
  • Challan Payment Process
  • Post-Service follow-up
  • 26QC PDF Report
  • Form 16C Assistance
  • General Guidance

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FAQ's

A comprehensive list of frequently asked questions.

1.What is TDS on Rent ?

The Finance Bill 2017 has proposed that any individual/HUF (Other than those who are required to get audited) who is paying month rent in excess of Rs 50000 is liable to deduct TDS on amounts paid to Landlord.

Refer Guide on Form 26QC for additional information.

2.Who is responsible to deduct the TDS on sale of Rent ?

The Tenant/Lessee of the Property needs to deduct 5% TDS on rent payable to Landlord/Lessor.

NOTE : W.e.f 01st Oct 2024, the rate of tds has been reduced to 2% as per Union Budget 2024. Now the tenants are required to deduct to 2% on rent paid or payable to landlord
3.Is the TAN number mandatory for filing Form 26QC ?

TAN is not mandatory for filing form 26QC. PAN of Tenant and PAN of Landlord is sufficient for filing form 26QC

4.What is Form 16C ?

Form 16C is the TDS certificate to be issued by the deductor (Tenant of property) to the deductees (Landlord of property) in respect of the taxes deducted and deposited into the Government Account.

5.What is the due date of payment of TDS on Rent of property ?

The Due date of payment of TDS on rent is 30 days from the end of the month in which the deduction is made.

For example If deduction is made on 10/03/2021, TDS needs to be paid by 30/04/2021
6.What are the consequences if Form 26QC is not filed within due date?

There is a late fee of Rs 200 per day if the form 26QC is not filed within due date. However the late fee is restricted to total amount of TDS


TDS on Rent (Form 26QC)
Rs.1499
Market Price  Rs. 1999 

Form 26QC is to file TDS on Rent. Consultation and guidance in applicability of TDS, Challan Payments and Filing, Income Tax E Filing and Traces Registration, Filing of TDS Return (26QC), Generation of Form 16C

Refer How to take Expert TDS Service?


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Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.