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TDS on rental income in India

Chalanachithram.com DB » New TF Industry Related » Archive through September 26, 2018 » TDS on rental income in India « Previous Next »
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Uno
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Posted on Monday, September 24, 2018 - 10:44 pm:       


Andhrawala:

Gotcha bhai

Renter will deduct 30% of the rent towards tax and has to deposit the same with government




It may be a rule.But if tenant is claiming rent from work or if he is claiming in tax returns or if you have legit lease TDS may be needed.But in India most people pay in rent cash or will have a proper lease deed
 

Andhrawala
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Posted on Monday, September 24, 2018 - 09:30 pm:       

Gotcha bhai

Renter will deduct 30% of the rent towards tax and has to deposit the same with government
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Gotcha
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Username: Gotcha

Post Number: 31865
Registered: 02-2008
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Posted on Monday, September 24, 2018 - 01:52 pm:       

ardam kaledu renter mana tarupuna tax katala?
...
 

Andhrawala
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Post Number: 71134
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Posted on Monday, September 24, 2018 - 01:51 pm:       

//
NRI property sale chestey buyer 20% TDS cut chesi direct IT dept ki pay cheyali, ridiculous rules.
//

Sale ki make sense but for rental 30% ante ekkuvemeo anipinchindhi
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Rrunner
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Posted on Monday, September 24, 2018 - 01:46 pm:       

NRI property sale chestey buyer 20% TDS cut chesi direct IT dept ki pay cheyali, ridiculous rules.
 

Andhrawala
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Username: Andhrawala

Post Number: 71119
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Posted on Monday, September 24, 2018 - 10:26 am:       

//where is your property located, are you going for lease and registering the agreement?


Kondapur,Hyderabad. rent is 22K. No registration. Just lease agreement on stamp paper

But landlord NRI aithe ee TDS of 30% antaa. But veedni TDS seyaraa babu, nenu elaanu returns fiel sesthaa antaa, additional work ani backout ayyedu

Previous tenant who is company used to deduct TDS of 10%.
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Musicfan
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Posted on Monday, September 24, 2018 - 10:22 am:       

nijame, Telugu states lo pedda gaa pattinchukoru kaani,,

where you have lease agreement registered, TDS is mandatory deducted,

tenant ki big work, but cant help, Every montht they deduct and we will have to get returns if at all

where is your property located, are you going for lease and registering the agreement?
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Andhrawala
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Post Number: 71116
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Posted on Monday, September 24, 2018 - 10:17 am:       

At the time of paying the monthly rent, you have to deduct TDA (tax deducted at source) of 30 per cent under Section 195 of the Income Tax (I-T) Act. Additionally, education cess will also be part of the overall tax liability. So the total deduction would add up to 30.9 per cent. As a tenant, you are responsible for carrying out this task and report it to the I-T Department

https://www.makaan.com/iq/rent-property/5-things-tenants-wit h-nri-landlord-must-know

Is this True??

One tenant who wanted to move-in over the weeked backedout after this revelation.

https://www.makaan.com/iq/rent-property/5-things-tenants-wit h-nri-landlord-must-know

I agreed for him doing TDS but he said too much work and backedout
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