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Tds

This query is : Resolved 

20 January 2014 One of my client, operates his business from primeses owned by an n r i, is he required to deduct tds? Client is an individual and turnover is below audit limits

20 January 2014 Hi

THE RECEIPIENT IS NOT A RESIDENT HENCE SECTION 195 WILL APPLY TAX SHALL BE DEDUCTED AT 30.9 PERCENT.

IN TERMS INDIA-USA DTAA AND SECTION 9 THE RENT INCOME WILL BE TAXED IN INDIA AS PER SECTION 195(6) INFORMATION RELATING TO PYMT IS TO GIVEN TO AUTHORITIES IN F.No. 15CA/15CB

THANKS


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