Answer

1. F

   Facts

   Individual tenants paying more than ₹50,000 a month deduct TDS and report it, and business tenants deduct TDS above their threshold. This rent appears in AIS and the TDS in Form 26AS. Report the gross rent and claim the TDS credit.

2. P

   Provisions and law

   • Sec 194IB (now Sec 393)Individual tenants paying rent above ₹50,000 a month deduct TDS and file Form 26QC
   • Sec 194I (now Sec 393)TDS on rent paid by businesses and others above the threshold
   • Sec 22 (now Sec 20)Annual value of property you own is taxed under house property
3. A

   Analysis

   If AIS shows ₹7,20,000 rent and ₹14,400 TDS at 2% under Sec 194IB (now Sec 393), report ₹7,20,000 as rent in Schedule HP and claim ₹14,400 in the TDS schedule. Do not report the net rent received, as that creates a mismatch. If AIS shows rent for a property not yours or a wrong amount, give AIS feedback. Keep the tenant's certificates.

4. C

   Conclusion

   1. 1Download AIS and Form 26AS.
   2. 2Match rent and TDS by tenant.
   3. 3Report gross rent and claim TDS.
   4. 4Give AIS feedback for wrong entries.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.