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TDS not deducted by tenant
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!
Replies (5)
Quick Summary
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
otherwise if tds is not deposited in due time then it will attract penalty of 200 rupees per day u/s 234E
U can file ROI and claim tds and dept will demand from your tenant
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 ...
no problem no it
hope you have the tent agreement and rent transaction are done through bank accounts ...
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)
& do not verify ur orginal return ( ie , 1st return filed by you)
Thank you, Everyone, for your prompt responses!
This helps a lot!
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