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TDS RATE FOR NON RESIDENT (LONDON) W.R.T. RENT

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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 What will the TDS Rate in respect of "Rent of Flat" in India owned by a Non-Residents(in London)?

Please also provide the rate if he does / doesn't possesses PAN in India?

Whether there is anything to do with the DTAA of India-UK?

CS Bijoy

CS Bijoy (Expert)

18 July 2011 If PAN number is provided than

(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force;

Whichever is higher

If PAN number is not available or not Valid

i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or

(iii) Twenty percent whichever is higher.
Whichever is higher

CA. Anuj Gupta

CA. Anuj Gupta (Expert)

18 July 2011 This issue has been already discussed many times. the tax shall be 30.9% irrespective of whether the NRI has PAN or not.

Anuj
+91-9810106211

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