This discussion addresses a query regarding TDS deduction under Section 194I for an individual renting out a property (shed) to a company. The user is seeking advice on whether to declare this income under 'Income from House Property' and claim deductions under Section 24, or if it should be treated as rental income from building/plant. The response suggests declaring it under 'Income from House Property' if this aligns with previous tax declarations.
29 August 2025
Sir a indvidual let out property (shed) to a company and they deducted tds 194Iab my query is should we declare income under income from rental property(claim section 24 easily) OR rental income from building, plant (where show this income and how to claim section 24 (repair and maintance 30%) please advise regards Vikas