Rent payable to NRI
This query is : Resolved
17 May 2025
Rent payable by NRI. TDS under what section to be done. What formalaties to followed in remittence of rent to NRI
18 May 2025
TDS on rent payable to an NRI is governed by Section 195 of the Income Tax Act, 1961.
The standard TDS rate on rent paid to an NRI is 30% plus applicable surcharge and cess.
Obtain TAN: The tenant must first obtain a Tax Deduction and Collection Account Number (TAN).
Deduct TDS: Deduct TDS at the applicable rate from the rent at the time of payment or credit to the NRI's account, whichever is earlier.
Deposit TDS: The deducted TDS must be deposited with the government by the 7th of the following month using Challan ITNS 281. Payment can be made online or through authorized banks.
File TDS Returns: The tenant is required to file a quarterly TDS return in Form 27Q.
The standard TDS rate on rent paid to an NRI is 30% plus applicable surcharge and cess.
Obtain TAN: The tenant must first obtain a Tax Deduction and Collection Account Number (TAN).
Deduct TDS: Deduct TDS at the applicable rate from the rent at the time of payment or credit to the NRI's account, whichever is earlier.
Deposit TDS: The deducted TDS must be deposited with the government by the 7th of the following month using Challan ITNS 281. Payment can be made online or through authorized banks.
File TDS Returns: The tenant is required to file a quarterly TDS return in Form 27Q.
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
- Required to submit form 10IEA_fy 24-25
- Error whilst validation
- Rebate u/sec. 87A manually
- TDS deducted in different section but Deposited in a Single section via Single challan
- SFT Mismatch
- Treatment of Profit on sale of fixed assets
- Procedure and Documents Required for Release of FD from DVAT
- Ewaybill Material value reg
- PAN for Municipal Corporation
- IGST Refund pending since June 2022.
- GSTR ITC relationship
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
Trending Online Classes
CAclubindia
