TDS on Rent to NRI


10 February 2011 Dear All
Pleas through some light on this query..
One of our client has to make Rent Payment to NRI. Property situated in India and Cheque is deposited in Local Banks (personal A/c) in india in INR. What is the rate of TDS? Is it 10% U/s 194I or 30.90% U/s 195?? If it is U/s 195, do we have to obtain 15CB and file Form 15CA?? If NRI is in US, whether any special rates applicable Under DTA??
Pls clarify

Thanks in Advance
Saida

10 February 2011 Dear All
Pleas through some light on this query..
One of our client has to make Rent Payment to NRI. Property situated in India and Cheque is deposited in Local Banks (personal A/c) in india in INR. What is the rate of TDS? Is it 10% U/s 194I or 30.90% U/s 195?? If it is U/s 195, do we have to obtain 15CB and file Form 15CA?? If NRI is in US, whether any special rates applicable Under DTA??
Pls clarify

Thanks in Advance
Saida

21 February 2011 Tds is to be deducted u/s 194 I at 10%.
195, 15ca, cb, and dtaa does not apply.

Experts can comment


22 February 2011 /// URGENT ///

Dear All
Pleas through some light on this query..
One of our client has to make Rent Payment to NRI. Property situated in India and Cheque is deposited in Local Banks (personal A/c) in india in INR. What is the rate of TDS? Is it 10% U/s 194I or 30.90% U/s 195?? If it is U/s 195, do we have to obtain 15CB and file Form 15CA?? If NRI is in US, whether any special rates applicable Under DTA??
Pls clarify

Thanks in Advance
Saida



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries