rate of tds to be deduction on rent payment to nri
This query is : Resolved
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.
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..
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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