TDS deduction - NRI Property on Rent
This query is : Resolved
16 June 2024
Hi
I need some advice, can you please help.
I am suvendu patnaik and i live in Germany currently. I am an NRI and want to rent my flat in hyderabad in india to a tenant.
Since I am an NRI, the tenant will have to deduct TDS and its an administrative burden on him. So i want to rent my flat 1st to my brother who resides in india and my brother in turn can rent it out to the tenant. The TDS part now will be between myself and my brother which i am ok to manage.
Is this legally ok, can i go ahead with this arrangement, can you please help me with your advice on it.
Thanks
Suvendu Patnaik
I need some advice, can you please help.
I am suvendu patnaik and i live in Germany currently. I am an NRI and want to rent my flat in hyderabad in india to a tenant.
Since I am an NRI, the tenant will have to deduct TDS and its an administrative burden on him. So i want to rent my flat 1st to my brother who resides in india and my brother in turn can rent it out to the tenant. The TDS part now will be between myself and my brother which i am ok to manage.
Is this legally ok, can i go ahead with this arrangement, can you please help me with your advice on it.
Thanks
Suvendu Patnaik
18 June 2024
It's legally not okay no burden of TDS deduction he can take help of some TDS expert with a nominal fee.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Subscription paid to foreign customer
- ECO SUPPLY REPORTIONG IN GSTR-1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
