TDS ON SALARY

This query is : Resolved

Akhil Gupta (Querist)
Follow

26 February 2008 Please help me. My question is that whether the employer is required to take the PAN no. of the land lord is any employee gives rent receipt. and what is the limit of the same. Is the employer is also required to take the ITR of the landlord to verify that whether Income from House property was declared in his return and by what amount?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

26 February 2008 Land lord of the employee? No.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
Follow

26 February 2008 IT IS NOT THE OBLIGATION ON PART OF EMPLOYER TO HAVE THE PAN NO OF EMPLOYEES LANDLORD AND NEITHER THE COPY OF LANDLORD RETURN. IF THE RENT RECEIVED BY THE LANDLORD EXCEEDS RS 120000/- P.A THAN HE IS LIABLE TO DEDUCT TDS

Upgrade to CAclubindia Pro. Subscribe Now!

Akhil Gupta

Akhil Gupta (Querist)
Follow

28 February 2008 Question:- If the rent received by the employer exceeds Rs. 120000/- p.a. then in this case whether any responsibilty cast on the employer?

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
Follow

28 February 2008 No responsibility on the employer.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
Follow

28 February 2008 THERE IS NO OBLIGATION ON PART OF EMPLOYER TO TAKE PAN / LANDLORD RETURN COPY EVEN IF THE RENT PAYABLE BY EMPLOYEE EXCEEDS RS.120000/-.