Non resident payments
This query is : Resolved
08 June 2013
Mr. C a non resident has a commercial property in India and leased the same to
Mr. E for consideration through a broker AB Ltd.
Now the lease rentals are paid to AB Ltd, and who in turn remit the proceeds to Mr.C.
My questions are
i) Rate of TDS to be Deducted by Mr.E.
ii)Whether TDS has to be deposited on name of AB Ltd, or in the name of Mr.C
iii) If in the name of AB Ltd - then remittance made to Mr.C has to be subject to TDS.
iV) Then at what rate.
Mr. E for consideration through a broker AB Ltd.
Now the lease rentals are paid to AB Ltd, and who in turn remit the proceeds to Mr.C.
My questions are
i) Rate of TDS to be Deducted by Mr.E.
ii)Whether TDS has to be deposited on name of AB Ltd, or in the name of Mr.C
iii) If in the name of AB Ltd - then remittance made to Mr.C has to be subject to TDS.
iV) Then at what rate.
09 June 2013
The answers shall depend on the agreement .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
