Tds on payment made to nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 In FY 2014-15, the client has made rent payment of RS. 156000 to an NRI in indian rupees.

Do we have to pay TDS on this amount.?

Moreover, the interest will be @ 1.00% pm or 1.5% pm.

If yes, then the TDS return will go in Form 27Q or in 26Q as TDS on others..?

CA CS LAVESH VASYANI

CA CS LAVESH VASYANI (Expert)
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26 November 2015 TDS u/s 195 is to be deducted on payments made to NRI if he is having Permanent Establishment in India. If your client possess P.E then tds is to be deducted @ 10%.

Interest will be 1.5% pm.

Return is to be filed in Form 27Q along with penalty of Rs. 200 per day.

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