An NRI (from Dubai) owns a flat in India. Flat is put on rent. Rent paid by tenant in Rupees in NRI's bank account with an Indian Bank (no actual remittance outside India).
My queries:
- Rent limit for TDS deduction ?
- Rate of TDS ?
- Is TAN required by tenant for TDS deposit ?
- Does tenant need to file 15 CA ?
Thanks & Regards
(P.S. - If there is any other point that is needed to be considered please share that as well)
1. No limit.
2. 30% + 4% cess u/s. 195 of IT act.
3. Yes.
4. No.
CAclubindia
