Tds on residential property
This query is : Resolved
k.b.nagesharao
(Querist)
12 May 2018
one of my tenant is suppose to pay me the rent of 52450.00 from 15th of July. But he is not ready to deduct the TDS. Is there any problem for me.
as the entire amount is recd by cheque and fully disclosed to the Income tax department and paying the tax.Please advise,
Thanks in advance
K.B.Nagesharao
9448826793
as the entire amount is recd by cheque and fully disclosed to the Income tax department and paying the tax.Please advise,
Thanks in advance
K.B.Nagesharao
9448826793
KAVIRAJA ADDANGADI
(Expert)
12 May 2018
TDS to be deducted payee, So land Lord will not have any problems if tenant not deduct TDS. It's responsibility of tenant to deduct TDS @5%if pay monthly over and above Rs.50000/-PM
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