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NRI Renting to Bank Employee: What TDS Certificates to Claim in ITR?

T S Khurana

T S Khurana   |285 Answers  |Ask -

Tax Expert - Answered on Dec 04, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
an Question by an on Dec 03, 2024Hindi
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HI Sir , I am NRE rented a house to bank employee. Now bank started deducting 30% TDS from my rent and paying the balance. What are certificate I have to get from the bank for claiming the TDS in my ITR. Thank you

Ans: 01 Bank shall provide you Form 16 of your TDS deductions. Moreover, data regarding TDS Deducted would also be available on site (Form 26AS, AIS, TIS). You are entitled to claim this TDS in your ITRs filed for the period.
Most welcome for any further clarifications. Thanks.
Asked on - Dec 12, 2024 | Not Answered yet
Hi Sir Thank u for your response. The Form 16 of TDS deduction from Rent Bank to provide me every month or yearly once .
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Dear experts, I was reading about V Narayanan’s journey from a Tamil medium school to ISRO chief. I’m an engineering student from a modest background. My father works in a private firm and mother is a housewife. Finances are a major hurdle. Are there specific scholarships or support programmes for students aiming to get into prestigious institutions like Anna University?
Ans: Pursuing higher education at Anna University is a commendable goal, and there are several scholarships and support programs available to assist students from modest backgrounds. Some of these include the Tamil Nadu Government Scholarships, which provide financial assistance to cover tuition fees, the DHAANISH BC/MBC/DNC Scholarship, SC/ST Scholarship, Central Government Scholarships, AICTE Pragati Scholarship for Girls, and Institutional Scholarships at Anna University. The application process involves eligibility verification, documentation, application submission, and tracking deadlines. Additional support includes educational loans at subsidized interest rates for economically weaker sections and fee waivers for meritorious and needy students. It is advisable to regularly check Anna University and the Directorate of Collegiate Education, Tamil Nadu, for the latest updates on available scholarships and application procedures. Also please visit buddy4study website & explore, You will get a lot of inputs about Schoarhsips. All The BEST for Your Prosperous Future.

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