Query regarding TDS deduction on rent paid to UAE-based NRI property owner
This query is : Resolved
17 July 2023
I live in a rented flat in Noida, U.P., paying a rent of less than 2 lakhs per annum (INR). The flat owner is an NRI residing in Dubai, UAE. I understand that India has a Double Tax Avoidance Agreement with the UAE.
Please advise whether I, as a tenant, am liable to deduct TDS before paying rent every month to the NRI owner. If yes, then how much is the deduction and how should I go about the formalities of deducting and depositing this amount to the tax authorities? The rented flat is for residential use only.
Please advise whether I, as a tenant, am liable to deduct TDS before paying rent every month to the NRI owner. If yes, then how much is the deduction and how should I go about the formalities of deducting and depositing this amount to the tax authorities? The rented flat is for residential use only.
17 July 2023
Rate of TDS on rent paid to NRI landlord is at 30% +surcharge + cess u/s. 195 IT act.
You must apply for TAN and pay the TDS deducted to treasury by 7 th of next month positively.
Following payment you must complete Form 15CA and submit it to the Income Tax Department online.
You must apply for TAN and pay the TDS deducted to treasury by 7 th of next month positively.
Following payment you must complete Form 15CA and submit it to the Income Tax Department online.
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17 July 2023
Thank you for your response. Are there any cases where exemption is available?
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17 July 2023
Thank you for your response. Are there any cases where exemption is available?
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17 July 2023
Yes, if the landlord can procure NIL TAX Deduction certificate u/s. 197 IT act, from his Jurisdictional ITO.
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