Whether TDS is mandatory to deduct for the rent payment made to a nonresident by an Indian citizen who stays in a house owned by a non-resident in India ( He is claiming HRA on the rent payment ) - Rent Per month is 38000 per month.?
2 Replies
Saravanan nagaraj
(463 Points)
Replied 14 February 2024
Yes. It is mandatory to deduct TDS on rent on NRI property. TDS @ 30% + Surcharge & cess @ 1.2% = @ 31.2%
Tenant has to file form 15CA on Income tax portal. If you rent paid more than 5 lakhs per annum. Tenant has to file 15CB by chartered accountant.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 20 February 2024
- The person (not being an Individual or HUF) who is responsible for paying of rent is liable to deduct tax at source.
That means 194i is not applicable to you. I deal with company tds only
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