Teneant paying full rent not deducting tds

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jagdish (Querist)
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06 August 2015 I have rented out my flat for annual income more than Rs 180000/00. Tenant being individual is paying me full rent and not Deducting TDS out of rent. I want to pay it , By which form I can pay Tax on rental income. I mean will it be a self assesment tax or how will it come u/s 194l. There is no provision to select a form for Land LordPlease clarify

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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07 August 2015 You may pay it as 'Self Assessment Tax'.

He will have to pay TDS only if his Gross receipts from the business/ Profession is greater that 1Crs.

Your side will be clear if you pay your Self Assessment tax after considering this income. K ??

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jagdish

jagdish (Querist)
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07 August 2015 Thanks as I feel releived of the confusion. I will pay as self assessment Tax on the rental income received.

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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08 August 2015 Yes. Compute your all sources of income and pay Self Assessment Tax on that amount.
That will suffice.
Don't be tensed.

jagdish

jagdish (Querist)
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09 August 2015 Thanks a lot once again for your valuable guidance

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