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This query is : Resolved

Gurwinder Singh (Querist)

01 May 2017 if at the starting of financial year person provide rent deed ( for example on 01.04.17 he provide rent deed from 01.04.17 to 31.03.18 ) then should we deduct tds from his salary

example
basic= 115200
da= 81840
hra= 78816
incentives = 62400
total earning= 338256
pf = 13824
rent deed provide for the year = 96000

kindly help

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

01 May 2017 na you need not to deduct rent, although u r getting provisional receipts for start of the year... approx in january or february you can ask for original receipts

Gurwinder Singh

Gurwinder Singh (Querist)

01 May 2017 he is not original receipts he is giving a rent deed in which rent @ 8000 per month is mention .

so kindly tell me should i deduct tds from his salary

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

01 May 2017 nah no need to deduct tds... also say him that he will give you quarterly rent receipts ( as a proof of payment of rent)

Gurwinder Singh

Gurwinder Singh (Querist)

01 May 2017 ok sir thanku so much sir
but sir he said landlord dosnt provide any receipt monthly or quarterly there is only rent deed as a proof or rent paid by him

what should i do i that case

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

01 May 2017 just download from rent and say him to get it signed off and provide you because it is must ...

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