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Tds on rent for past years

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This query is : Open

mounika paladugu (Querist)

11 September 2014 A courts order in Aug 2014, decided that rent has to be paid at Rs.23,293/- w.e.f 01-07-2011. Till then rent was being paid at Rs.8,470/- and no tds was made as it doesnt exceed the limit. Now, Rs.563274/- {(23293-8470)*38 months}has to be paid. whether TDS has to be made now on the total amount and revised return for all the quarters to be filed?? if yes, what is the benefit for payee as he had already filed his returns for those financial years...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 September 2014 TDS has to be made on the total amount and show the full payment in the current quarter return as court order is in Aug 2014.
Arrears of Rent (Section 25B)
When the owner of a building receives arrears of rent from such a property, the same shall be deemed to be the income from house property of the year of receipt irrespective of whether or not the assessee is the owner of the property in that year.

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