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Regarding tax treatment of lease agreement

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(Querist)
07 September 2016 Sir,
Iam an employee in a company. I have a house. I let it out to a party @17000 p.m. The house is Situated in Chennai. The tenant is deducting TDS on it. The agreement entered is a lease agreement. I would like to know whether lessee can deduct TDS on it and whether iam supposed to file return of income and other tax implications arising out of this lease agreement.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
08 September 2016 TDS is not determined on the nature of agreement. TDS on rent has to be deducted while making the payment. Thus, TDS will be applicable in your case
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