Rent from property in India is taxable under the head ‘Income from House Property’. After a standard deduction of 30% under Section 24(a) and a deduction for home-loan interest under Section 24(b), the balance is added to your income and taxed at applicable rates. Correct reporting keeps you compliant and ensures you claim every deduction you are entitled to.
TDS rules differ by landlord and tenant. Where rent is paid to an NRI landlord, the tenant must deduct TDS under Section 195 (generally 30% plus surcharge and cess) and file Form 15CA/15CB. For resident landlords, businesses deduct TDS under Section 194-I where annual rent exceeds ₹2.4 lakh, and individuals paying rent above ₹50,000 a month deduct TDS under Section 194-IB (the rate was reduced to 2% from October 2024).
We handle the full compliance cycle — computing house-property income, ensuring the right TDS is deducted and deposited, filing the returns and TDS statements, and claiming credit for tax already deducted. For NRI landlords we also apply DTAA relief so you are not taxed twice on the same rent.
Whether you own one flat or a portfolio, we keep your rental income correctly reported, your TDS obligations met and your refunds claimed — avoiding notices and interest for short deduction or non-filing.
Our Strength Lies in Providing Real-World Practical Solutions
We plan every statutory audit around your AGM and ROC deadlines, so Form AOC-4 and MGT-7 are always filed on time. Our team works to a clear schedule and keeps you updated at each stage, so you never miss a statutory due date.
You get a thorough, Standards-compliant audit at transparent, competitive fees with no surprises. Because we deliver statutory audit, tax audit and ROC filing together, you save on duplicated effort and overall cost.
Our experienced team of Chartered Accountants, Company Secretaries and consultants handles the full compliance chain under one roof — statutory audit, tax audit, GST audit, internal financial controls and annual ROC filings — so everything stays coordinated and consistent.
AVS & Associates is a peer-reviewed CA firm founded by CA Vishnu Agrawal, with 25+ years of experience and five partners. We maintain the highest ethical and professional standards on every engagement, with complete client confidentiality.