Hi,
I am currently living in a rented accomodation through a company lease agreement, wherein my Employer pays the rent to my landlord. My employer also deducts TDS @ 10%.
My landlord had asked for the quarterly form 16A which i procured. During this process the following 2 issues emerged:
1. For the months of April 2016 and May 2016, my employer did not deduct TDS and instead paid the full amount to my landlord. This issue was only for these 2 months, post which, TDS has been deducted in each subsequent month and TDS certificates for Q2,3, and 4 reflect the same.
2. For the month of March 2017, my employer made 2 TDS enteries...1 for March 2017 and another for April 2017.
Based on the above, is my employer liable for a penalty or will it be my landlord? What should my landlord do now to rectify this?
Will the TDS entry for April's rent reflecting Q4 2017 pose an issue for 2017-18 assessment year?
Look forward for some help on this.
Regards,
M
CAclubindia
