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Tds procedure for rental income in inr - deposited into nro account of usa citizen holding oci
TDS on Rent paid to NRI under Sec 195. In case the person receiving the rent is a non-resident Indian (NRI), TDS in such cases would be deducted @ 30% under Section 195.
The deductor has to obtain TAN number to deposit the TDS.....
More details refer:: 1. nriinformation/tds-nri-rental.
2. tenants-with-nri-landlord-must-know
Thank you very much sir!
Is there no way to deduct tds on the tenant's behalf just like Form 26QC in which the deductor just furnishes the PAN (instead of TAN)?
Asking because the house is let out to 3 tenants (collectively as tenants) and it becomes onerous for them
This is the rule made without any alternative.
One exception...... if the gross total income of the NRI landlord is below maximum amount which is not chargeable to tax, he can apply for 'Non-deduction of tax cerificate' from his Jurisdictional ITO, in that case TAN or TDS process not applicable at all.
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