Non Deduction of TDS- 194IB
This query is : Resolved
28 March 2025
Dear all,
Have a query,
Form 26A must now be filed online using TAN, and Form 24 cannot be filed through TRACES when logged in with PAN, could some one please outline the process to be followed if a tenant has failed to deduct and deposit TDS on rent under Section 194IB, while the landlord has already reported the rental income and paid the applicable taxes in their ITR ?
Thanks
Sandeep
Have a query,
Form 26A must now be filed online using TAN, and Form 24 cannot be filed through TRACES when logged in with PAN, could some one please outline the process to be followed if a tenant has failed to deduct and deposit TDS on rent under Section 194IB, while the landlord has already reported the rental income and paid the applicable taxes in their ITR ?
Thanks
Sandeep
29 March 2025
As per sec. 201 IT act, If the assessee can prove that the revenue ( tax) was actually paid by the deductee, the deductor would not be considered defaulter.
A deductor may not be considered defaulter if following conditions are fulfilled :
(i) The deductee has furnished his/its return of income under section 139;
(ii) has taken into account such sum for computing income in such return of income; and
(iii) has paid the tax due on the income declared by him in such return of income,
and the deductor furnishes a certificate to this effect from an accountant in such form as may be prescribed.
Submit the form 26A as a reply to the notice received online, or submit it to your ITO offline.
A deductor may not be considered defaulter if following conditions are fulfilled :
(i) The deductee has furnished his/its return of income under section 139;
(ii) has taken into account such sum for computing income in such return of income; and
(iii) has paid the tax due on the income declared by him in such return of income,
and the deductor furnishes a certificate to this effect from an accountant in such form as may be prescribed.
Submit the form 26A as a reply to the notice received online, or submit it to your ITO offline.
29 March 2025
Thank you so much for your quick response
29 March 2025
You are welcome.
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