New Delhi, May 21 -- It's that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR).

AIS is a detailed summary of a taxpayer's information provided in Form 26AS, which details the amounts of tax deducted at source (TDS) or tax collected at source (TCS) from various income streams, apart from the advance tax/self-assessment tax paid and high-value transactions.

Recently, many landlords were taken by surprise while carrying out this exercise in respect of their rental incomes. They found that the amount of TDS credit on their rental incomes in Form 26AS was substantially lower than what was deducted and deposited by their tenants.

Individual tenants ...