TDS on Rent 195 Or 194I and Form 15CA Needed or Not
This query is : Resolved
02 September 2022
If an Indian company taken a property on rent in Kanpur India
Property owner (Individual) Lived in Dubai last 10Years and raised bill from his Dubai address and also given PAN to us which was registered in India
But payment taken in his NRO bank account which is also in India,
So, Kindly suggest for TDS deduct under which section
Form 15CA needed or not if TDS deduct under section-195 NRI
Read more at: https://www.caclubindia.com/experts/tds-on-rent-195-or-194ib-2877694.asp
Property owner (Individual) Lived in Dubai last 10Years and raised bill from his Dubai address and also given PAN to us which was registered in India
But payment taken in his NRO bank account which is also in India,
So, Kindly suggest for TDS deduct under which section
Form 15CA needed or not if TDS deduct under section-195 NRI
Read more at: https://www.caclubindia.com/experts/tds-on-rent-195-or-194ib-2877694.asp
02 September 2022
I believe that owner living in dubai resides in such a way that he is non resident. s.195 will apply.
looking at provisions if rule 37bb l, 15CA will be required.
However, it is also arguable and being followed by different entities that 15CA is required only for international remittance and not for transfer in NRO account. CBDT memorandum explains that purpose of these firms is to track international payments and in fact 15Ca/CB also require to mention he country where amount us getting remitted.
02 September 2022
TDS u/s 195 applicable deduct 30% plus 4% cess.
15CA /15CB not required as money is not transferred outside India.
15CA /15CB not required as money is not transferred outside India.
02 September 2022
If we made form 15CA then
Which country name mentioned in form 15CA India or Dubai (UAE) and
Currency also because fund transfer to his Indian NRO account in INR But in the form 15CA required a column remittance in foreign currency
Which country name mentioned in form 15CA India or Dubai (UAE) and
Currency also because fund transfer to his Indian NRO account in INR But in the form 15CA required a column remittance in foreign currency
02 September 2022
No need for form 15CA in such a case.
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
