Accounting for rent paid by builder for redevelopment in ITR1

Tax queries 171 views 1 replies

Hello,

The return is of my mom who owns the flat in an apartment which is now under re-development. The builder pays rent each month and also deducts 10% TDS as shown in the image below. 

My question is how to account for this in her ITR1? Should the entire 4,20,000 be shown as income and then the TDS be also accounted for in Tax paid?


 

Replies (1)

Your query can be solved.

Regards,
CA. Raj Doshi
*R C D & Co.*
*Chartered Accountants*
*Understanding Entrepreneurs, Transforming Businesses*

*Linkedin* - https://www.linkedin.com/in/ca-raj-doshi-5b390777/

*Website* - www.rcdco.in

*Email* - raj @ rcdco.in


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register