Rent payment per month exceeds 50000/- per month . Two owners are there
One Owner is Resident & another
Owner of the property is non resident.
1.Is Tds applicable ?
2.Do we need TAN ?
3.What if NRI has no PAN ?
These three queries are independent
NRI must have PAN. Apply now
What is the share of NRI in the property? He accordingly should take proportionate rent after deduct ing 30% TDS (By tenanat)
TDS on Rent Paid:
Under section 195 of the IT Act, rent received by an NRI on property located in India, TDS at the rate of 30% of the rent paid should be deducted by the payer. The NRI receiving the rent can make a formal request to the jurisdictional officer for a lower TDS deduction
See the link pl
https://www.bankbazaar.com/tax/procedure-for-computing-income-tax-on-rent-for-nris.H T M L
Better consult consultant
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