News & Media 10th Jun 2026
Our Partner, Rahul Charkha shares his insight in The Economic Times, “Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to do.”
He highlights that TAN is not required for this compliance; it is a PAN-based compliance. After deduction, the tax must be deposited with the central government within 30 days from the end of the month in which deduction is made. The tenant should compute TDS at 2% on the rent amount covered by the provision, deduct it at the time of credit or payment for March, whichever is earlier, and deposit it by 30 April. No interest, late fee or penalty arises merely because deduction is made in March, if March is the correct statutory month and the deposit, statement and certificate are completed within time.
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