Total rent received exceed 180000

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Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2016 i have four shop. rent received from shop 15000, 4500, 4000, 6000 per month now total rent rec. from party is exceed 180000 yearly. is it necessary to deduct tds on diff whole amount ???? or direct rec cheq from from party without tds

CA Suresh Jain

CA Suresh Jain (Expert)
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04 December 2016 The tenant should deduct Income tax. If he is not deducting, you need not worry from Income tax point of view as you are not liable for any consequence

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2016 okk than i continue received through cheque whole amount

CA Suresh Jain

CA Suresh Jain (Expert)
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04 December 2016 yes please continue. But, it is better to guide your tenant to comply with law and start deduction of tax

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