Rent income of nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2012
Hi,
I am working with a Bank and I am getting lease rent facility from the employer. My land lord is a NRI residing in France. I have been informed by my employer that the rent is taxable and will be deducted at source @30.90%. My query is;
1. Whether the land lord can get the tax refund in India (for the rental income)if he files ITR if he does not have any other income in India?
2.Also, I have come across some article in which it is mention that the NRI can go for lower rate of TDS after filing some form with the Income Tax Department. Need your guidance in this regard.
I am working with a Bank and I am getting lease rent facility from the employer. My land lord is a NRI residing in France. I have been informed by my employer that the rent is taxable and will be deducted at source @30.90%. My query is;
1. Whether the land lord can get the tax refund in India (for the rental income)if he files ITR if he does not have any other income in India?
2.Also, I have come across some article in which it is mention that the NRI can go for lower rate of TDS after filing some form with the Income Tax Department. Need your guidance in this regard.
18 November 2012
1.The land lord can get refund subject to his the computation of his taxable income.
.
2. For lower rate deduction of tax you may refer the procedure prescribed U/s 197 of the Income Tax Act.
.
2. For lower rate deduction of tax you may refer the procedure prescribed U/s 197 of the Income Tax Act.
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- 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
