Tds issue
This query is : Resolved
03 May 2012
At what rate TDS is required to be deducted on RENT paid to a Non-Resident ?
Amol S Joglekar
(Expert)
03 May 2012
194 I - Rent TDS 10% (20% if PAN is not available). If you know it for sure that the landlord is Non Resident as per Income Tax Act, then deduct 30% as per sec 195. (Unless the NR landlord produces the letter from ITO to deduct the tax at lower rate) If you are not sure of landlord's TEST of RESIDENCY, go by 10 or 20 % as the case may be.The point is you need to pass the test of ORDINARY PRUDENCE and not EXPERT.
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