I am paying 2 rent payments to an NRI couple . 50% to husband and 50% to wife in their joint NRO account. The individual payments per PAN are less than 5 lacs p.a.
1. Do I need to file 15CA every month for each rent payment, even though I am crediting the rent to their joint NRO account?
2. Do I need the 15 CB in this case, as individual payments are less than 5 lac?
3. I have applied for the TAN but not yet got the number. Can I pay the rent (minus the TDS) without the TAN?
08 April 2021
1 15CA not required as payment made to Indian Bank account. 2 No need of 15CB. 3 yes, deduct TDS and remit when TAN alloted. TDS applicable at 30% plus 4% cess on tax.
CAclubindia
