Income tax on Rent receipt

This query is : Resolved

sahil (Querist)
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26 April 2020 Sirs, i have this question if someone can help. So, this is the scenario:
1) Rent agreement is for - 39,000 per month
2) Rent agreement is unregistered
3) Rent is received via bank transfer- 39,000 per month i.e. without deducting TDS
4) Owner is salaried
5) Tenant is not deducting TDS
6) Tenant is salaried and he is claiming HRA from his employer, but not giving owner's PAN (using someone else's PAN)
7) Tenant is mentioning
narration as "Rent" while doing NEFT transfer to owner

Question- Is owner liable to pay tax on rent received?
If yes, then how can owner avoid paying tax
Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 April 2020 Yes owner is liable to pay tax on rent received. Avoid paying tax by tax saving.

CA Jitendra Daraji

CA Jitendra Daraji (Expert)
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27 April 2020 Yes Owner is liable to pay tax on rent under the Head Income from House Property. He can claim Standard Deduction on Rent Receipt and also deduction of Municipal Tax paid during the Year

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