WebApr 4, 2024 · It is accompanied by the challan cum statement in Form 26QC. According to rule, Taxpayer/Tenant should furnish challan-cum-statement in Form 26QC in following scenarios:- ... ( in case the agreement period falls in the same FY) ... Due date of filing of Form 26QC-You have to pay tax online via Form 26QC which is a challan-cum-payment … WebJan 13, 2024 · When a tenant deducts TDS from the rent amount, he/ she has to make the deposition using Form 26QC. If the rent payment takes place on behalf of the government, then the TDS deposition will take place on the same day. ... PAN of both landlord and tenant Period of tenancy Total rent Penalty interest or late fee, if applicable
Periodic Tenancy: Definition, Example & Laws Study.com
WebTenant Mr. B has entered into a tenancy agreement with Landlord Mr. Y for the period of 6 months from June 1, 2024 to November 30, 2024 @ rent of Rs. 80,000 for 6 months … WebFeb 27, 2024 · The tenant/deductor liable to deduct tax under Section 194IB of the Income tax Act shall file Form 26QC within 30 days from the last date of the financial year or from … part time erisa attorney jobs
Income Tax efiling: All that you need to know about TDS on rent …
WebAug 18, 2024 · Form 26QC is the challan-cum-statement for reporting the transactions liable to TDS on rent under section 194-IB of the Income-tax Act, 1961. It is an online form available on the TIN website. ... Period of Tenancy g) … WebFeb 18, 2024 · Delay in filling Form 26QC would invite a daily penalty of Rs 200. In case the form is not filed for a long period, the penalty may go up to Rs 1 lakh. Delay in issuing Form 16C would invite a daily penalty of Rs 100. In case there are multiple landlords, multiple Form 26QCs must be filled and submitted. WebApr 23, 2024 · 2. Delay in fi ling of Form 26QC invites a late fee of Rs 200 per day. For delay in issuing Form 16C, the penalty is Rs 100 per day. 3. If Form 26QC is not fi led within one year after the due date, a penalty ranging from Rs 10,000 to Rs 1 lakh could be levied on the tenant. Shubham Agrawal is CA & senior taxation adviser at Taxfile.in part time e lavoro straordinario