TDS on Rent 195 Or 194I and Form 15CA Needed or Not
This query is : Resolved
02 September 2022
If an Indian company taken a property on rent in Kanpur India
Property owner (Individual) Lived in Dubai last 10Years and raised bill from his Dubai address and also given PAN to us which was registered in India
But payment taken in his NRO bank account which is also in India,
So, Kindly suggest for TDS deduct under which section
Form 15CA needed or not if TDS deduct under section-195 NRI
Read more at: https://www.caclubindia.com/experts/tds-on-rent-195-or-194ib-2877694.asp
Property owner (Individual) Lived in Dubai last 10Years and raised bill from his Dubai address and also given PAN to us which was registered in India
But payment taken in his NRO bank account which is also in India,
So, Kindly suggest for TDS deduct under which section
Form 15CA needed or not if TDS deduct under section-195 NRI
Read more at: https://www.caclubindia.com/experts/tds-on-rent-195-or-194ib-2877694.asp
02 September 2022
I believe that owner living in dubai resides in such a way that he is non resident. s.195 will apply.
looking at provisions if rule 37bb l, 15CA will be required.
However, it is also arguable and being followed by different entities that 15CA is required only for international remittance and not for transfer in NRO account. CBDT memorandum explains that purpose of these firms is to track international payments and in fact 15Ca/CB also require to mention he country where amount us getting remitted.
02 September 2022
TDS u/s 195 applicable deduct 30% plus 4% cess.
15CA /15CB not required as money is not transferred outside India.
15CA /15CB not required as money is not transferred outside India.
02 September 2022
If we made form 15CA then
Which country name mentioned in form 15CA India or Dubai (UAE) and
Currency also because fund transfer to his Indian NRO account in INR But in the form 15CA required a column remittance in foreign currency
Which country name mentioned in form 15CA India or Dubai (UAE) and
Currency also because fund transfer to his Indian NRO account in INR But in the form 15CA required a column remittance in foreign currency
02 September 2022
No need for form 15CA in such a case.
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