TDS by tenant

Given your situation, here's what you can do:

 Recourse Available - *Send a formal notice*: Inform your tenant in writing about the non-deduction of TDS and request immediate deposit. -

 *Calculate interest and penalties*: Determine the interest and penalties applicable for late deduction and deposit of TDS. -

*File a complaint*: If your tenant still doesn't comply, you can file a complaint with the Income Tax Department.¹ Accounting for TDS Not Deposited - 

*Claim TDS credit*: You can claim credit for the TDS amount deducted but not deposited by your tenant. However, you'll need to provide documentation to support your claim. -

 *Report income accurately*: Ensure you report your rental income accurately in your IT return, considering the TDS amount deducted but not deposited. Filing IT Return -

 *Report TDS correctly*: When filing your IT return, report the TDS amount deducted and deposited correctly. If there's a discrepancy, provide an explanation. -

 *Claim refund or pay tax*: If you've paid more tax than required, claim a refund. If you've paid less, pay the due tax amount. Important Dates -

*Due date for filing IT return*: Ensure you file your IT return before the due date to avoid penalties and interest. 

- *TDS deposit deadline*: Verify the deadline for depositing TDS and ensure your tenant complies.² 

Additional Considerations - *Section 194-IB*: As your tenant is liable to deduct TDS under Section 194-IB, ensure they comply with the provisions. - 

*TDS rates*: Verify the applicable TDS rates for FY 2024-25, considering the change in rates from 5% to 2% effective October 1, 2024.³