01 August 2023
Mr A who is NRI , given power of Attorney to Mr B ( Resident ) is Father . Mr B Father on the basis of Power of Attorney rented out property of Mr A to Mr C ( lets say with consent of Mr A ) , with an agreement .
now question is , C while paying the Rent to Mr B ,( Resident Father) should deduct TDS under section 195 of the Income Tax act .
Note - In agreement nothing has been mentioned regarding Mr A ( NRI )
01 August 2023
Under section 195 of the IT Act, rent received by an NRI on property located in India, TDS at the rate of 30% of the rent paid should be deducted by the payer. The NRI receiving the rent can make a formal request to the jurisdictional officer for a lower TDS deduction.
01 August 2023
But, Sir we are paying rent to his resident father, (power of Attorney is given by NRI to father ) Our rent agreement is with him father . also in rent agreement nothing is mentioned regarding NRI . please guide.
CAclubindia
