Article by Sandeep Sadh posted on May 26, 2023 TDS on Rent Payment on Flats TDS on Rent Payments on Flats is to be deducted mandatory by the Tenants/Licensee under a leave and license agreement in Mumbai. TDS on Rent Payment is quiet a recent thing and there are a lot of defaults seen in this Section due to ignorance by both the Owners and the Tenants. TDS is to deducted by the Licensee who is renting an apartment/flat or a house by a Company @10% and by Individual Licensee should be 5% of the monthly rent amount if the rent is exceeding Rs.50000/- per month by Individuals who are not liable for Tax Audit. In Mumbai most of the apartments in Bandra - Juhu - South Mumbai - Powai etc are above Rs.50000/- rent so its important that both the Owners and the Licensee (Tenants) understand this provision of law and there are no defaults on this. AUTHOR Sandeep Sadh Experience in Transactions, Knowledge of the Real Estate Market, Understanding of the Legal Matters and its Implications on a transaction and knowing Ground Realities and to be the Founder - CEO of one of the most connected Real Estate Advisory Firms and in being in the consulting advisory real estate business Since 1993 has given Mr.Sandeep Sadh an edge in the market. He has been a Columnist in Times of India and engaged in Buying, Selling and Leasing of Residential and Commercial Properties. He writes basis on the Current Market condition with Research and Analysis of various Micro Markets etc.