monthly rent - 25000/- of house
is tenant required to first deduct tds on rent
then
pay remaining amount of rent to landlord
how do tenant will file return as tenant ( individual) not having tan
is tenant have to file return on quarterly basis or annually
what is the procedure
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Is it required for tenant to first deduct tds on rent
Replies (4)
Quick Summary
APPLY FOR TAN, IF THERE IS LIABILITY TO DEDUCT TAX.
TDS RETURN IS REQUIRED TO BE FILED ONLY FOR THE QUARTER WHEN THERE IS LIABILTY TO DEDUCT TAX.
THERE IS NO LATE FEES OR PENALTY IF TDS RETURN IS NOT FILED, WHEN THERE IS NO LIABILITY TO DEDUCT TAX
If tenant is paying monthly 25000 rent for house so is there any need of deducting tds on rent
IF TENANT IS AN INDIVIDUAL AND THERE WAS NO TAX AUDIT IN THE PRECEEDING F.Y., THEN THERE IS NO REQUIREMENT TO DEDUCT TAX, IF MONTHLY RENT REMAINS BELOW Rs. 50,000
Yeah tenant is individual
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