The Economic Times

Paying high rent? Don't forget to deduct TDS before March 31, 2026 or you may face penalties and interest

Tenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year ending March 31, 2026. Failure to deduct and deposit TDS can lead to interest and penalties. Tenants can deposit TDS using Form 26QC without a TAN.