Try GOLD - Free
Getting Refunds for Excess TDS on Rent Aren't as Simple as They Should Be
Mint Bangalore
|May 22, 2025
In many cases, due to lack of awareness about the rate change, tenants deducted and deposited TDS at 5% for FY25 through their annual challan-cum-TDS statement prescribed in form 26QC.
Ideally, as per the law, the full TDS credit of the actual tax amount deducted and deposited by tenants (even if higher than the applicable rate) must be reflected in Form 26AS. The excess TDS credit can be claimed by landlords while filing their ITRs.
This story is from the May 22, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
India can be reliable manufacturing partner to world: PM
Recent FTAs offer India a chance to provide top-quality goods and services, Modi said
1 mins
March 04, 2026
Mint Bangalore
Sebi overlap rules likely to push MFs to passive funds
Asset management companies (AMCs) may double down and innovate more on passive products following the revision of mutual fund categorization norms, offering investors a wider choice of investment options.
1 mins
March 04, 2026
Mint Bangalore
The case for upgrading your Bluetooth tracker
Apple's latest AirTag has better range and stronger alerts, while rivals offer alternatives for Android users
4 mins
March 04, 2026
Mint Bangalore
India notifies standards for cloud, data centre, ethical AI
The governance model is derived from internationally accepted ISO and IEC frameworks
2 mins
March 04, 2026
Mint Bangalore
Sebi’s overlap rules likely to push MFs to passive funds
vice chairman and chief executive officer at Mirae Asset Investment Managers.
1 mins
March 04, 2026
Mint Bangalore
War meets peak OMC earnings
The market’s reaction to the joint US-Israel strikes on Tran wasn’t exactly subtle.
2 mins
March 04, 2026
Mint Bangalore
US, China trade chiefs to meet ahead of Trump-Xi summit
U S and Chinese trade negotiators are slated to meet in mid-March, according to people familiar with the matter, signalling a planned summit between Donald Trump and Xi Jinping is pushing ahead despite American strikes against Iran.
2 mins
March 04, 2026
Mint Bangalore
Equip small businesses to drive India’s e-commerce expansion
Half this sector' growth by 2030 could come from MSMEs if theyre given appropriate digital tools
3 mins
March 04, 2026
Mint Bangalore
A ‘FIGHT ABOUT VIBES’ DROVE THE PENTAGON’S BREAKUP WITH ANTHROPIC
The AI giant’s CEO Amodei and Defense Secretary Hegseth have contrasting personalities and worldviews. They proved difficult to reconcile
9 mins
March 04, 2026
Mint Bangalore
Power policy draft: comment till 19 Mar
The ministry of power has extended the timeline seeking stakeholders’ comments on the Draft National Electricity Policy 2026 by one month till 19 March.
1 min
March 04, 2026
Listen
Translate
Change font size