TDS on Jointly Owned Property: Is it Applicable When Rent Exceeds Rs 50,000?

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Jointly Owned Property: Is TDS Applicable if Total Rent Exceeds Rs 50,000?

TDS on rent

M

Moneycontrol•23-02-2026, 10:14

Jointly Owned Property: Is TDS Applicable if Total Rent Exceeds Rs 50,000?

•Confusion arises for tenants on TDS applicability for jointly owned properties if combined rent crosses Rs 50,000.
•Section 194IB mandates 2% TDS deduction if monthly rent to a resident exceeds Rs 50,000.
•TDS deduction is for each recipient of rent, not for the property itself.
•If rent paid to each co-owner is below Rs 50,000, TDS is not required.
•Rent splitting between co-owners should reflect their contribution to the property cost to avoid tax issues.

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