Rent payment to nri
This query is : Resolved
18 March 2021
payment of rent to nri whose bank account is in India...at what rate tds should be deducted ?? Also requirement of 15ca or cb??
18 March 2021
Since you will be making the remittance in India in Indian currency, Form 15CA & CB will not be required.
Deduct the applicable TDS rate of TDS and make the payment.
Deduct the applicable TDS rate of TDS and make the payment.
28 October 2021
Tenants paying rent on properties owned by NRIs are required to deduct 31.2% tax at source and submit the aggregate amount to the tax authorities.
Upon payment, the tenant must fill-in Form 15CA and submit it online to the income tax department.
In this case, TDS is mandatory on the rent paid irrespective of the amount payable.
Upon payment, the tenant must fill-in Form 15CA and submit it online to the income tax department.
In this case, TDS is mandatory on the rent paid irrespective of the amount payable.
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