Tds on rental income received by nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2018
Dear Fellow Colleagues,
I would request your help in the following :
My client has a property in India
The property is in the joint name
both the clients husband and wife are NRI with no other income from INDIA
Their property is rented out to an individual who will be paying a rent of INR 9000 per month i.e. total yearly INR 108,000 to this NRI.
Rent will be paid to NRO account by the tenant.
Please can someone confirm if the TDS ( @30.9%) needs to be deducted while paying monthly rent of INR 9000? OR No TDS required to be deducted?
Alternatively, the property is managed by their PoA Holder who is in blood relation to the family, can this income from rent be taxed in the tax return of the PoA Holder?
TiA
Mahi
The rent would be deposited into NRO account
I would request your help in the following :
My client has a property in India
The property is in the joint name
both the clients husband and wife are NRI with no other income from INDIA
Their property is rented out to an individual who will be paying a rent of INR 9000 per month i.e. total yearly INR 108,000 to this NRI.
Rent will be paid to NRO account by the tenant.
Please can someone confirm if the TDS ( @30.9%) needs to be deducted while paying monthly rent of INR 9000? OR No TDS required to be deducted?
Alternatively, the property is managed by their PoA Holder who is in blood relation to the family, can this income from rent be taxed in the tax return of the PoA Holder?
TiA
Mahi
The rent would be deposited into NRO account
05 March 2018
If rent is paid to an NRO A/c the tax would be withheld at source by the tenant at the rate of 30.9%.Jointly.Same can be claimed
By filling income tax return.
POA holder is act on original owner Income can not be taxed @ POA.
By filling income tax return.
POA holder is act on original owner Income can not be taxed @ POA.
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