Tds on rent u/s 194 ib
This query is : Open
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
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
19 May 2017
tds payment date is 7th of next month.. Check whether it is paid before or not...
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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 ?
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 ?
19 May 2017
it is better to communicate with tenant and ask for tds certificate.... form16A
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.
I shall initiate the required dialogue with the tenant.
As for form 16A - is it really required, when I can view/ monitor my 26AS.
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