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It for nri

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2013 Hi Experts,

A NRI remitted funds from abroad and also took a loan from a HFC in India, purchased a commercial property in FY-13 He is receiving monthly lease rents from Aug-12. For FY-13, the total rent received would be Rs.4.50 lakhs(approx) Till Feb-13,the lessee deducted TDS @ 10% while paying rent. I have a few queries.

1. What is the applicable TDS on lease rent paid to NRI -with PAN. If PAN is not there whether TDS rates will differ.

2 Whether the IT returns / tax slab etc are different for NRI compared with a resident Indian.

3. If the tax payable is lower than the TDS rates, whether NRI can approach A.O for orders for deducting lower tax rate by the lessee.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
26 May 2013 1. rate should be 30.9.%.
2.No... except for some special circumsatnces.
3.Yes....

Anuj
femaquery@gmail.com
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