Normally tds have to be deducted @ 10%
but if the property is owned by NRI..them what is the rate of tds???
it is 31.2% including cess
but the owner's CA is asking me to deduct @ 10 percent only...saying that owner hav been filing it returns for last 2 years...
is it right to do so???
kindly reply at the earliest
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TDS RATE ON PROPERTY OWNED BY NRI IN INDIA
Replies (2)
How he has constructed the house property from a savings bank account in India but income earned in India?
If it is out money transferred from foreign funds then it is a different question.
If it is out money transferred from foreign funds then it is a different question.
It had been passed to him by his ancestors
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