Hi Experts,
Our client's private limited company wants to take an apartment for rent. This apartment was purchased by an Indian (but now she is an NRI), who is having PAN and purchased it through the India's bank loan. Now, our question is, whether our client need to deduct the TDS 10% (Indian) or 30.9% (NRI). The agreement will be signed by the landlord's mother (Indian) having General Power of Attorney.
Please reply us immediately. Thanks in advance.
CAclubindia
