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TDS on rent of property where landlady is NRI
A person being an employee is paying rent amounting to Rs 57,000 pm to his landlady whose residential status as per IT Act is NR. Does the person need to deduct TDS on rental payments u/s 195 since 194IB covers only resident payee.
Replies (5)
Yes, you are correct. for NRI sec. 195 is applicable.
The tenant is salaried assessee. Does he need to apply TAN since, TAN is generally taken by persons involved in any business activity..
195 is correct for nri
and whether 30% is the rate on which the TDS is required to be deducted.
Yes section 195 will apply on such cases
Also check if dtaa has beneficial tax rates the same can be used to lower TDS rates / amount instead those under Indian Income tax act
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