Hi,
I am an NRI and I have a property in India.
The tenant has just informed me that the TDS that I have to pay is 30.9% for the property rent as I am NRI now. Is it true? if yes, is there any workaround for this as I used to pay 10% TDS when I was in India.
Regards,
Sunil
Assuming u r a non resident from point of view of Income tax, ur tenant is correct as he will have to deduct tax u/s 195 @ 30% (40% in case of companies)
10% is for resident (ROR and RNOR)
In that case is there any workaround or any certificate that will help me reduce the TDS?
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