Tds on rent
This query is : Resolved
12 March 2016
Sir/Mam,
Bharti Airtel has set up a data boosting station for optical fiber network in my house paying Rs. 16,000 pm rent. Yesterday I received rent for 6 months (October to March) with 10% TDS deductd from it. I have 3 queries regarding it:
1. Rent for 6 months is Rs. 96,000 which is less than 180,000 still Rs. 9,600 (10% of total rent) was deducted. Should TDS be deducted if rent for current FY is less than 180,000?
2. TDS will be deducted on 192,000(Total rent for a FY) - 180,000 = 12,000 or it will be deducted on the entire value?
3. As my total income will be less than 250,000 shall I get back the total amount deducted when I file ITR?
Your help will be appreciated.
Bharti Airtel has set up a data boosting station for optical fiber network in my house paying Rs. 16,000 pm rent. Yesterday I received rent for 6 months (October to March) with 10% TDS deductd from it. I have 3 queries regarding it:
1. Rent for 6 months is Rs. 96,000 which is less than 180,000 still Rs. 9,600 (10% of total rent) was deducted. Should TDS be deducted if rent for current FY is less than 180,000?
2. TDS will be deducted on 192,000(Total rent for a FY) - 180,000 = 12,000 or it will be deducted on the entire value?
3. As my total income will be less than 250,000 shall I get back the total amount deducted when I file ITR?
Your help will be appreciated.
12 March 2016
1)Not necessary to deduct TDS when total payment made during current financial year not exceeds threshold limit but some deductors do deduct TDS
2)tds will be on amount paid on rent,..which is 10% on 96000
3)you may file return and claim refund ,
2)tds will be on amount paid on rent,..which is 10% on 96000
3)you may file return and claim refund ,
Message likes :
1 times
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
