Tds on house rent income

The Geek (mgr) (43 Points)

22 April 2015  

Hi,

I have income of 17k pm from rent payable by 07th of month on house given to company. Rent deed is from 10/03/15 to 09/02/16. tds was deducted from april rent due to me.

As far as I understand  194-I, if income/ likely income during the FY is not greater than 1,80,000 then no TDS can be deducted from the monthly rent due (i.e. full 17,000 have to be paid).

I have calculated rent income for FY15-16 as 17k x 10 + 5275 = 1,75,275.

I strongly belive than no TDS is to be deducted since inc is less than 1.80 lac.

Please guide/ advise plan of action in approaching the rent payer in this regard.

Thanks