TDS on rent >50K per month

Yes this is possible but if this is caught by Tax department you can be asked to pay interest on TDS which you failed to pay.

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Thank you.

Hi,

- You need to obtain Form 26A from the practicing CA who will certify that the landlord has furnished the ITR and has taken into account such income for computing income in return of income and has paid the tax due on the income declared by him in such return of income. Please ensure that landlord was resident in F.Y. 201-19.

- Fulfilling the above condition will not make you assessee in default.

Thanks

You should get the money back from your landlord and pay tds to the government.

You should also file TDS return.

The option of landlord paying taxes is applicable for business assessees wherein they don't need to disallow the expenditure if receiver has paid the taxes.

Dear Sir,

Hope you are doing well !!

Tenants have to deduct TDS  and deposit it with the government.

“If the tenant does not deduct the TDS or fails to deposit the tax with the government, both tenant as well as landlord will have to pay penalty and interest.

It is advisable to take the TDS amount from landlord and deposit the same to government.

Otherwise,the penalty for not deducting TDS and not depositing the tax with the government is 1 per cent and 1.5 per cent, respectively, per month.

Hello Sir,

Yes, it is possible.

Please make sure that landlord has declared the rent income and paid the taxes.

There is no need to worry. 

Hello,

Yes, it is possible. Just make sure that your landlord has properly declared this rental income in his income tax return.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani