TDS ON RENT
This query is : Resolved
26 February 2011
pls advice for TDS on payment of Rent to Non resident ( Whether TDS is deductible on not , if yes then at what rate)
if the property is in India and Landlord has permanent identity in foreign national ( Hong Kong )
Pl give your openion ASAP.
if the property is in India and Landlord has permanent identity in foreign national ( Hong Kong )
Pl give your openion ASAP.
26 February 2011
As the property is situated in India than of course it will be taxable in india .
So there should be tax deduction on the payment made to Foreign landlord tax rate will be AS under section 194I .
So there should be tax deduction on the payment made to Foreign landlord tax rate will be AS under section 194I .
26 February 2011
194I is payment to resident. Here, payee is non resident, hence section 195 applies.
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