tds on rent

TDS 847 views 1 replies

Whether TDS on Rent is not Applicable for Non Resident, As amendment in the Act in 2003 says that payment to Resident only to be deducted what it mean that whether non resident not to be deducted or any section or any different percentage available for that: please help me

Replies (1)

SECTION 195 STATES AS UNDER:

Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest [***] or any other sum chargeable under the provisions of this Act (not being income chargeable under the head “Salaries” [***]) shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force :

 


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