Feedback

Tds u/s 195 rent


Sr. Accounts Manager

NRI monthly Rent Rs 7000/-  Is there any Notified limit for NRI TDS.   

 
Reply   
 
KVO Merau Kutchh

There is no such prescribed threshold limit under the section 195, so TDS will be deducted from the entire amount/transaction/payment.

However,  Under section 195(3), a non-resident can make an application to the income tax department for NIL deduction of Tax, if he/she fulfills certain specified conditions.


Total likes : 2 times

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU