Rental income from tenant of Previous owner House property

On March 2022 ,One NRI purchased house in india for residential purpose worth 1 crore and paid stamp duty of 20 lac. He also received one month rent 40k from a tenant who was living in that house before purchase. He lived one month and left the house. so what would be the tax treatment for rental income and tds for A.Y 2022-23 ? 

I showed one month rental income net of 30% deduction under house property.  For tds paid under sec 194ia in 26 as and stamp duty what would be right treatment ? 

Hope my query will be resolved.  Thanks 

 

Replies (2)
Quick Summary
An NRI purchased a house in India and received one month's rent from a tenant who resided there before the sale. The discussion clarifies the tax treatment for this rental income, including the correct way to show it after a 30% deduction. It also addresses the tax implications of TDS paid under Section 194IA and the treatment of stamp duty, suggesting it may be claimable under Section 80C.

Technically, the NRI received the rent when he was not the owner. I am assuming the possession transferred while the agreement got signed later.
You have considered the rental income net of 30% deduction which is correct.
Claim tds credit reflecting using form 26AS
Take stamp duty deduction under 80C ( maximum deduction 150000 )

Hope your query is resolved.
Thanks
Query is resolved.

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