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194I tds on rent
what consequences if TDS is deducted on payment which is not required to be deducted ??
Replies (1)
No consequences as such.
Tenant will have to issue TDS certificate in 16A to the owner and Owner will claim TDS credit in his ITR return.
Tenant will have to issue TDS certificate in 16A to the owner and Owner will claim TDS credit in his ITR return.
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