TDS Applicability on NRO

Monika Khadayate (Chartered accountant) (70 Points)

16 May 2023  

A bank has receipt of lease rent application of Individual where landlord is NRI and who is residing in UAE. Landlord has given his NRO account for rent credit. Our queries are as under

  1. what is applicable TDS rate on rent and under which IT section it will be remitted?
  2. If landlord is given SBGEN account then what is the applicable TDS?
  3. In case of NRE account of landlord, what is the applicable TDS?
  4. Are there certain countries where double taxation act is applicable? Kindly give brief information on the same.