Tds on rent u/s 194 ib

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Jeevan (Querist)
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19 May 2017 Hi,

As per section 194 ib, Tenant can deduct 10 % TDS on rental payable. (meaning total rental is above the required limit)

But if I am the receiver (that is the landlord) by what time should tenant pay the TDS to the IT department (favoring my PAN number)

Suppose rent is payable by 7th of each month.
Should tenant pay by
1. Immediately
2. End of that month
2. End of that financial quarter

thank you

CA Mohit Kumar

CA Mohit Kumar (Expert)
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19 May 2017 tds payment date is 7th of next month.. Check whether it is paid before or not...

Message likes : 1 times

Jeevan

Jeevan (Querist)
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19 May 2017 thank you, very, very much.

I am asking from the point of view of the landlord, as my tenant is deducting the 10% TDS (from the rental payable) but not paying it to the IT department for multiple months.
Can I take any remediable action ?

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CA Mohit Kumar

CA Mohit Kumar (Expert)
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19 May 2017 it is better to communicate with tenant and ask for tds certificate.... form16A

Jeevan

Jeevan (Querist)
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19 May 2017 thank you again.

I shall initiate the required dialogue with the tenant.

As for form 16A - is it really required, when I can view/ monitor my 26AS.