Sec 194I of Income Tax
This query is : Resolved
12 March 2009
One of my clients has taken a rental property for residential purpose in India. The rent is to be deposited in a bank account maintained by the owner of the house in India. The owner is a NRI and does not have a PAN. My client has to deduct TDS. How to go about? The owner argues that, being a NRI not assesseble to tax and no need to deduct TDS on rent. Need expert advice.
12 March 2009
194I - PERSON RESPONSIBLE FOR TAX DEDUCTION - Any person (not being an individual or a HUF) responsible for paying rent to a resident is required to deduct TDS under the provisions of section 194-I.
12 March 2009
So your client do not require to deduct TDS.
16 March 2009
I am of the opinion that sec 195 will attract in this case. Tax will have to be deducted @30%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
