Tds on payments made to nri

TDS 428 views 3 replies

Dear All,

We are the Private Limited Co. We have made the payment to NRI (Germany)  for Hotel purchase.

Are we liable to make TDS ?? If yes, then please suggest the section and rate of TDS.

 

Please give ur valuable suggestions.

Replies (3)

If you are purchasing a Property TDS need not be deducted on Payment made to NRI

If the property is situated in India then tds is required to be deducted u/s195 because you are making the payment to a non-resident and such non-resident includes both an individual as well as a foreign company.

Please provide some more suggestions.


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