Dear Friends,
My client is a company, they are paying Rent to a NRI. I would like to know how much Percntage of TDS has to be deducted from such payment and any exemption limits if any?
With lot of thanks in Advance
Asif.K (CA Final Student) (40 Points)
11 October 2011Dear Friends,
My client is a company, they are paying Rent to a NRI. I would like to know how much Percntage of TDS has to be deducted from such payment and any exemption limits if any?
With lot of thanks in Advance
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 11 October 2011
TDS SHall be deducted @ 30.9% and there shall be no exemption limit.
Anuj
+91-9810106211
femaquery @ gmail.com
Asif.K
(CA Final Student)
(40 Points)
Replied 11 October 2011
Thank you Mr.Anuj for your valuable and early reply