TDS RATE FOR NON RESIDENT (LONDON) W.R.T. RENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 What will the TDS Rate in respect of "Rent of Flat" in India owned by a Non-Residents(in London)?

Please also provide the rate if he does / doesn't possesses PAN in India?

Whether there is anything to do with the DTAA of India-UK?

CS Bijoy

CS Bijoy (Expert)
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18 July 2011 If PAN number is provided than

(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force;

Whichever is higher

If PAN number is not available or not Valid

i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or

(iii) Twenty percent whichever is higher.
Whichever is higher

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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18 July 2011 This issue has been already discussed many times. the tax shall be 30.9% irrespective of whether the NRI has PAN or not.

Anuj
+91-9810106211

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