Hi,
What is the Rate of Percentage applies for Deducting TDS under Sec 194 I if the Rent is paid to an NRI.
Rachit
(Analyst)
(913 Points)
Replied 04 May 2010
@ 2% for use of machinery or plant/equipment
@ 10% for use of land or building, furniture & fittings
Murthy
(AM Finance)
(21 Points)
Replied 06 May 2010
TDS - Rent paid to NRI - 30.9% under section 195
parmodkumar
(article)
(21 Points)
Replied 27 April 2011
Hi all,
What is the TDS Rate if Rent paid to NRI and NRI kept money in India....If Lower than 30.90% Please Suggest me for Tax Planning.
Alpa K
(Chartered Accountant)
(29 Points)
Replied 29 April 2011
it does not matter what the NRI does with the money. He can deposit the same in his NRO a/c. The only thing relevant here is that the company is paying rent to the NRI and he has to deduct tax @ 30.9%. The NRI can later file a return and claim refund or approach for a lower tax deduction certificate if he wishes to.
But from the point of view of the payer company it does not matter where the NRI keeps the money.
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