Hi
The assessee is an individual owning a shop. He has let it out to an intermediary Pvt ltd company for bank ATM. As per rent agreement the amount is RS 10000/-p.m. and Rs 10000/- is paid to him by ECS.
However for AY 2016-17, the company filed TDS returns deducting TDS on 18000/-p.m. with TDS 1800/-p.m.(as shown in 26AS).
The assessee asked the tenant company to rectify the returns or atleast file the subsequent returns correctly. He has sent a letter through lawyer to the company.
Despite that, 26AS for AY 2017-18 shows the amount of rent in 26AS is 36000/- p.m with TDs of 3600/-p.m
If the assessee files the return considering the actual rent (10000*12), he might get a notice. If he shows the wrong rent in return, he might be considered party to whatever misdeeds the tenant company officials might be up to.
Kindly advise.
CAclubindia
