Tds on rental incomefor nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2018
I am a NRI and have recently rented out my flat in mumbai on rent. Can anyone let me know if the Lessee is required to deduct TDS on the rent that i receive on monthly basis. The rent is INR.20000 per month and my income is below INR 250,000 below the taxable limits. Currently, the lessess is not deducting TDS as he said that my income is below taxable limit and hence he is not required to deduct from the monthly rent he is paying to me. Please advise in order to be compliant.
CA R SEETHARAMAN
(Expert)
21 October 2018
No need to worry as your income is below taxable limit. None compliance of TDS provisions by the lessee is not a problem for you.
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