TDS not deducted by tenant

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3 Points Posted on 27 December 2020
Hello, I have a rental property that is rented out for over Rs. 50,000 per month. My tenant deducted money for TDS for year FY19-20, but has not deposited it into my TDS account. He keeps saying that he is in touch with his accountant and will do it shortly. As a result, I have not filed taxes yet, waiting for the money to be deposited. If the TDS does not show up in my 26AS form by 31-Dec, what recourse do I have? Can I go ahead and file my taxes and ask him to deposit the TDS for FY2020-21? Thanks in advance for your help!
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On 27 December 2020 at 20:55 Report
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Quick Summary
A landlord is seeking advice because their tenant deducted TDS on rent exceeding Rs. 50,000 per month but has failed to deposit it. The landlord is concerned about filing their income tax return and potential penalties if the TDS doesn't appear on their Form 26AS by December 31st. Advice suggests filing the return on time, pursuing the tenant for deposit, and potentially revising the return if needed, especially if rent transactions are documented.

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Chartered Accountant
24588 Points Posted on 27 December 2020
You should file your Ir return in due time and ask your tenant to deposit the tds asap otherwise you will not get any refund.
otherwise if tds is not deposited in due time then it will attract penalty of 200 rupees per day u/s 234E
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On 27 December 2020 at 21:27
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article
734 Points Posted on 27 December 2020
U can file ROI and claim tds and dept will demand from your tenant
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On 27 December 2020 at 22:41
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Tax consultant
5895 Points Posted on 27 December 2020
You can file your income tax return
no problem no it
hope you have the tent agreement and rent transaction are done through bank accounts ...
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On 27 December 2020 at 23:08
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STUDENT
1631 Points Posted on 27 December 2020
You file your return now , then ask the tenant about the consequences of non - filing , then after tds filing , verify the tds is credited to your PAN , then revise your IT return before 31st Marc 2021

& do not verify ur orginal return ( ie , 1st return filed by you)
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On 27 December 2020 at 23:39
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3 Points Posted on 28 December 2020

Thank you, Everyone, for your prompt responses!

This helps a lot!

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On 28 December 2020 at 09:50

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