How to file a income tax on rental income
This query is : Resolved
02 July 2011
Hi,
My sister is getting upto Rs. 1,50,000.00 as rental income from her house in mumbai. She does not have any other income. She has rented it out to a company. the company has deducted TDS for the same. Kindly advice how much TDS the company can cut. and how do i file the income tax for this year.
My sister is getting upto Rs. 1,50,000.00 as rental income from her house in mumbai. She does not have any other income. She has rented it out to a company. the company has deducted TDS for the same. Kindly advice how much TDS the company can cut. and how do i file the income tax for this year.
02 July 2011
According to me TDS on rent is deducted @10%. You can file the Income Tax Return by mentioning the Income under House Property and also required to obtain the TDS certificate from the NSDL site for Refund Claim in case of excess payment of TAX.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- GST Regis.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
