Hi Rajani Kant, As you are aware Any person who is not an Individual or HUF, who is paying any income to resident by way of rent is liable to deduct tax at source only in case the aggregate of the amount of such rent credited or paid or likely to credited or paid during the financial year by the aforesaid person to the account of, or to payee exceeds Rs. 1,80,000/-. In this, ‘Rent’ means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of either separately or together). 1) yes, you shall deposit TDS amount with interest on late depositing of TDS amount for Financial 2015-16, and issue TDS certificate to the owner. 2) Yes, you can file TDS return, along with late filing fees under section 234E, As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS. given are the dates for return filing: Return Filing for Quarter Due date for filing Return 30/6/2015 31/07/2015 30/09/2015 31/10/2015 31/12/2015 31/01/2016 31/03/2016 15/05/2016 30/6/2016 31/07/2016 there is also penalty under section 271H, As per section 271 H, where a person fails to file the statement of tax deducted/collect at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then assessing officer may direct such person to pay penalty under section 271H. Minimum penalty can be levied of Rs. 10,000 which can go upto Rs. 1,00,000. Penalty under section 271H will be in addition to late filing fees prescribed under section 234E. 3)Interest will be levied at 1% for every month or part of a month for delay in deduction of tax and at 1.5% for every month or part of a month for delay in remittance of tax after deduction. . As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return.