WRONG TDS DEDUCTION U/S 194(i)a & 194(i)b
This query is : Resolved
19 November 2021
Dear Sir,
My colleagues received professional (consultancy) fees, and company also pay him rent.
TDS deducted u/s 194J(b), 194J of professional fees and TDS deducted u/s 194(i)b & 194(i)a of Rent. But rent is a expenses of my colleague not income.
When I am going to the file the return there is show house property income, but actual this is not a income.
Kindly advise
My colleagues received professional (consultancy) fees, and company also pay him rent.
TDS deducted u/s 194J(b), 194J of professional fees and TDS deducted u/s 194(i)b & 194(i)a of Rent. But rent is a expenses of my colleague not income.
When I am going to the file the return there is show house property income, but actual this is not a income.
Kindly advise
19 November 2021
How the company pays him rent, when he has not let out his property to company?
If not let out, company should not deduct TDS u/s. 194 I(b) of IT act, on rent paid.
If not let out, company should not deduct TDS u/s. 194 I(b) of IT act, on rent paid.
19 November 2021
Yes Sir,
But sir tds already deducted, now what is the solution for that
But sir tds already deducted, now what is the solution for that
19 November 2021
As the client received rent, Income under HP need to be declared, provided he is owner of the property. Otherwise declare it under IFOS.
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25 November 2021
Dear Dhirajlal Sir,
Thank you,
I will declare rent under other source ,
Can I claim 80GG deduction ??
Thank you,
I will declare rent under other source ,
Can I claim 80GG deduction ??
25 November 2021
Yes. Provided he doesn't have any house property, and the rent received by him is for factory building.
26 November 2021
okay sir noted,
He have won property in Delhi, he work in Mumbai, he doesn't have any house in Mumbai, he lives on rent in Mumbai.
He have won property in Delhi, he work in Mumbai, he doesn't have any house in Mumbai, he lives on rent in Mumbai.
26 November 2021
Deduction u/s. 80GG will not be available, if he has house property in Delhi. ( i.e. any where in India)
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