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rate of tds to be deduction on rent payment to nri

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(Querist)
14 May 2008 sir, what is the rate of TDS to be deducted on rent payment to an NRI in Indian currency deposited in Indian Account.
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Amit Sharma

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Amit Sharma (Expert)
15 May 2008 Dear Joesph,

Even though it is a NRI , TDS is deducted in India. In such a case India follows Income Tax Act 1961 hence TDS should be deducted @ 20% exclusive of surcharge and cess.

Hope your doubt is clear now..
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