Tds on rent where property jointly owned by r & nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
In the present case, Property in India is held jointly by husband & wife. Husband is a NRI residing in Dubai whereas wife is RESIDENT of India. This property is let out on rent.
I wish to know, whether should we deduct TDS u/s 195 (TDS on payments to NRI @ 30.9%) or u/s 194I (TDS on payment of Rent @ 10%)
I wish to know, whether should we deduct TDS u/s 195 (TDS on payments to NRI @ 30.9%) or u/s 194I (TDS on payment of Rent @ 10%)
Rupesh Jain
(Expert)
29 May 2013
@ 10% DUE TO PROPERTY IN INDIA
SO INCOME ARISE OR DEEMED TO BE ARISE IN INDIA
SO INCOME ARISE OR DEEMED TO BE ARISE IN INDIA
Message likes :
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CA. Anuj Gupta
(Expert)
08 June 2013
If the funds are contributed jointly then it should be 30.9% for husband and 10% for wife.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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