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NRI - having house in india
Sir, when the subject property was given on rent to an indivudual for residential purpose, we are deducting @ 30% TDS, but depositing u/s.194IB . is it correct or should it go u/s.195. pls clarify.
Replies (4)
Quick Summary
It's NRI-having house in india ...or... you have a house in india, which you given on rent to NRI ?
If you are making payment to NRI against his house taken in rent you need to pay tds u/s 195 and separate tds return need to be submit which is 27q
Sir. NRI status holder(staying at overseas) having his residential house in India and given it on rent to an resident indian individual, and such resident indian individual doing TDS u/s.194IB. is it correct ?
No the tds need to be deducted and pay under section 195
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