Tds on payment made to nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2015
In FY 2014-15, the client has made rent payment of RS. 156000 to an NRI in indian rupees.
Do we have to pay TDS on this amount.?
Moreover, the interest will be @ 1.00% pm or 1.5% pm.
If yes, then the TDS return will go in Form 27Q or in 26Q as TDS on others..?
Do we have to pay TDS on this amount.?
Moreover, the interest will be @ 1.00% pm or 1.5% pm.
If yes, then the TDS return will go in Form 27Q or in 26Q as TDS on others..?
CA CS LAVESH VASYANI
(Expert)
26 November 2015
TDS u/s 195 is to be deducted on payments made to NRI if he is having Permanent Establishment in India. If your client possess P.E then tds is to be deducted @ 10%.
Interest will be 1.5% pm.
Return is to be filed in Form 27Q along with penalty of Rs. 200 per day.
Interest will be 1.5% pm.
Return is to be filed in Form 27Q along with penalty of Rs. 200 per day.
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