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Sec 194I of Income Tax

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(Querist)
12 March 2009 One of my clients has taken a rental property for residential purpose in India. The rent is to be deposited in a bank account maintained by the owner of the house in India. The owner is a NRI and does not have a PAN. My client has to deduct TDS. How to go about? The owner argues that, being a NRI not assesseble to tax and no need to deduct TDS on rent. Need expert advice.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
12 March 2009 194I - PERSON RESPONSIBLE FOR TAX DEDUCTION - Any person (not being an individual or a HUF) responsible for paying rent to a resident is required to deduct TDS under the provisions of section 194-I.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
12 March 2009 So your client do not require to deduct TDS.
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M KRISHNAKUMAR

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M KRISHNAKUMAR (Expert)
16 March 2009 I am of the opinion that sec 195 will attract in this case. Tax will have to be deducted @30%
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