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TDS on Rent

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(Querist)
05 May 2008 At what rate TDS to be deducted on "Rent Paid to NRI" ??
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R.V.RAO

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R.V.RAO (Expert)
05 May 2008 sec 195 clause i- any other income -payments to non residents(INDIVIDUALS/AOP/BOI)-stipulates TDS @ 30% plus edu .cess @ 3% ON TAXES, for below Rs.10 lakhs payments.
for above Rs. 10 lakhs-TDS @ 30% add surcharge
@ 10% plus edu.cess @ 3% ON TAXES.
IF THE RECIPEINT IS A NON DOMESTIC CO. THEN TDS RATE IS 40%.
ADD SURCHARGE @ 2.5%.THEN ADD EDU.CESS @3% ON TAXES.
R.V.RAO
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Ravi Jain

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Ravi Jain (Querist)
09 June 2008
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
03 November 2008 Mr. Rao is right
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