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Question ID : 40468

TDS on Rent paid to NRI ( Non Resident Indian)

Q. The landlord is NRI is having the immovable property situated in india and they have given property on rent to the Indian Company and the NRI also having the PAN what rate of TDS to be deducted by the indian Company so please give the your valuable advise on this matter if any supporting / Notification so please provide the same .

Posted by GOPAL KUMAR AGRAWAL on Nov 16, 2019

Filed Under DIRECT TAXES

Answer ID : 80246

TDS @ 31.2%(30+ Cess of 4%) to be deducted on rent paid to NRI in terms of Sec 195

Posted by D SANTHANAM on Nov 18, 2019
Answer ID : 80247

TDS shall be deducted a@31.2% unless the NRI has certificate for lower deduction of tax. Holding of PAN by NRI has no relevance. However, benefits of DTAA can be claimed.

Posted by CA. chunauti dholakia on Nov 18, 2019