Non resident payments
This query is : Resolved
08 June 2013
Mr. C a non resident has a commercial property in India and leased the same to
Mr. E for consideration through a broker AB Ltd.
Now the lease rentals are paid to AB Ltd, and who in turn remit the proceeds to Mr.C.
My questions are
i) Rate of TDS to be Deducted by Mr.E.
ii)Whether TDS has to be deposited on name of AB Ltd, or in the name of Mr.C
iii) If in the name of AB Ltd - then remittance made to Mr.C has to be subject to TDS.
iV) Then at what rate.
Mr. E for consideration through a broker AB Ltd.
Now the lease rentals are paid to AB Ltd, and who in turn remit the proceeds to Mr.C.
My questions are
i) Rate of TDS to be Deducted by Mr.E.
ii)Whether TDS has to be deposited on name of AB Ltd, or in the name of Mr.C
iii) If in the name of AB Ltd - then remittance made to Mr.C has to be subject to TDS.
iV) Then at what rate.
09 June 2013
The answers shall depend on the agreement .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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