Tds deduction on rent income

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Shashank Kiran

Shashank Kiran (Querist)
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06 May 2016 what is the procedures of claiming tds refund, if tds deducted on rent income.

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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06 May 2016 File the return of income vide ITR2, ITR3, or ITR4 as suits to your requirement. Show the income from house property, deduct property taxes paid, claim 30% standard deduction and interest paid, if any. Compute tax on such income. Claim the TDS deducted as taxes paid. Arrive at refund, if any.

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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06 May 2016 You have to prepare computation if you have any other income with rental income and set off tds on rent and calculate whether refundable amount comes or liability creates.
if you have rental income only then you have to calculate as per house property income as explained by ram sir.

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Rupesh Jain

Rupesh Jain (Expert)
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09 May 2016 you have to calculate the taxable income for the year and take all deduction if after that your income not taxable then you can clam refund in his ITR.

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