Rent received:1110000
TDS Deducted by tenant : @ 5%
=55500
while filling ITR by landlord can he take credit of TDS DEDUCTION of 55500 in his ITR.
and What is the treatment of TDS Deducted in the ITR of Landlord.
8 Replies
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 29 August 2018
Recently a news has come on House property deemed rent was considered as ZERO by master blaster cricketer. ITAT took sides of the taxpayer saying that "if concrete effort to rent out property was made and yet no tenant was found, then the taxpayer is allowed to consider the deemed notional rent as NIL".
Can this ITAT ruling become applicable to all 8 crore tax return filers?
Recent Topics
Related Threads
CAclubindia
