Rent TDS: ₹50,000 limit is per tenant, not per property, clarifies expert.

• * Section 194IB mandates 2% TDS on rent for individuals and HUFs if monthly rent exceeds ₹50,000.
• * TDS is typically deducted in March of the financial year or when the tenant vacates the property.
• * Tenants do not require a Tax Deduction Account Number (TAN) and use Form 26QC for TDS payment and reporting.
• * The ₹50,000 monthly rent limit for TDS applies per tenant, not per property.
• * If two tenants pay ₹40,000 each, no TDS is required as individual payments are below the ₹50,000 threshold.

Why It Matters: Rent TDS limit of ₹50,000 applies per tenant, not per property.