Student CA IPC / IPCC
60 Points
Joined February 2013
Mr. ABC (NRI) have a residence property in India and have rented it for Rs.50000 p.m. to an individual for residence purpose only. Rent will be deposited in Indian Bank only in Indian currency.
Tenant is required to deduct TDS in this case? He is an Individual and salaried person and doesn't have TAN no.
Guide me in the case.
Thanks in advace