View form 26q online dating
X for the period of 11 months from October 1, 2017 to August 31, 2018 @ rent of Rs. B has entered into a tenancy agreement with Landlord Mr.
On clicking on Submit to Bank, deductor (as per the mode of payment selected while filling the form) will have to key in the debit card details or login to the net-banking site with the user ID/ password provided by the bank for net-banking purpose and enter payment details at the bank site.d) Major Head Code - Indicates the type of tax applicable viz; Corporation Tax (Companies)/ Income Tax (Other than Companies) will be populated based on Landlords PAN e) Total Value of Rent Payable f) Period of Tenancy g) Date of Payment/Credit h) Date of Deduction i) Amount Paid/Credited j) TDS Amount k) Select the option for “Payment of taxes immediately” It is important to ensure that PAN of Tenant and Landlord are correctly mentioned in the form.There is no online mechanism for subsequent rectification.A person shall also be liable to the penalty if the return has not been filed within 1 year from the due date of filing of the return or if the incorrect information has been delivered. The Finance Act, 2017 has introduced section 194-IB providing that Tenant of a property making monthly rent payment exceeding ₹ 50, 000 is required to deduct tax at the rate of 5% from the rent payable to a resident landlord.
E-Payment facilitates payment of taxes online by taxpayers.