Regarding tax treatment of lease agreement
This query is : Resolved
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.
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.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
