Tds on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2013 Sir,IS TDS applicable if I take NRI property on rent,the payment would release by two cheques,one in favour of NRI and another in the name of an Indian.

Pls. advise.


14 March 2013 yes. since the property is situated in India, the income derived from it shall arise in India. TDS should anyways apply subject to relevant DTAA

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2013 The rent of the property is Rs.19000/-pm

The property owner,NRI wants to receive the payment in two cheques like

In his name--------Rs.9,500/-

In his wife name---Rs.9,500/-

Pls. advise the TDS amount.


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