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Showing tax collected on house rent in itr 2

nitin (professional) (83 Points)

31 July 2018

if an individual person (tenant) has deducted tds on house rent then where it should be mentioned in his ITR 2 for fy 2017-18? Individual person (tenant) doesnot have TAN number

Is it to be mentioned in TCS tab of exel utility of ITR 2?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160396 Points)
Replied 31 July 2018

No need to show it in deductor's ITR, it is declared in form 26AS, if the amount already deposited.

For TDS deduction u/s. 194-I ......the tenant has to obtain TAN for TDS deduction, if he/she is liable to deduct TDS..... & submit the TDS deducted to treasury under his TAN & file respective returns.

For any TDS u/s. 194-IB (i.e, rent above 50,000/- PM)

The Tenant of the property (deductor of tax) has to furnish information regarding the transaction, online on the TIN website i.e. www.tin-nsdl.com. After successfully providing details of transaction, deductor/tenant can:

Either make the payment online (through e-tax payment option) immediately; Or
Make the payment subsequently through e-tax payment option (net-banking account) or by visiting any of the authorized Bank branches. However, such bank branches will make e-payment without digitization of any challan. The bank will get the challan details from the online form filled on TIN website(www.tin-nsdl.com)

nitin (professional) (83 Points)
Replied 31 July 2018

All above procedure has been done, challan 26qc has been used. Now the question is where to show this in ITR 2?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160396 Points)
Replied 31 July 2018

Deductor (tenant) is not required to declare it in his ITR........

Deductee (owner) will claim it by declaring it in TDS2 column, as per form 16C [Form 16C is the TDS certificate to be issued by the deductor (Tenant of property) to the deductee (Landlord of property) in respect of the tax deducted] or form 26AS.

nitin (professional) (83 Points)
Replied 13 August 2018

Dhirajlal Sir, pls answer. There is a SALARIED individual who also done a small professional work in a firm. The firm paid Rs 900 to the individual and deducted 10% tax u/s 194J. This is reflected in form 26AS of the individual also. Form 16A is issued by the deductor. Which ITR needs to be filed?