Poonawalla fincorps
Poonawalla fincorps

Tds on residential property

This query is : Resolved 

12 May 2018 one of my tenant is suppose to pay me the rent of 52450.00 from 15th of July. But he is not ready to deduct the TDS. Is there any problem for me.
as the entire amount is recd by cheque and fully disclosed to the Income tax department and paying the tax.Please advise,
Thanks in advance
K.B.Nagesharao
9448826793

12 May 2018 TDS to be deducted payee, So land Lord will not have any problems if tenant not deduct TDS. It's responsibility of tenant to deduct TDS @5%if pay monthly over and above Rs.50000/-PM



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