CA Vinit Malani (.) (49 Points)
09 May 2016Dear Sir/Madam,
One of my client has deducted tax @ 30.9% on payment of rent to NRI who is holding PAN.
May i know at what rate he should deduct the tax & which section is applicable for the him, whether Section 194I or Section 195?
Whether the deduction of 30.9% is correct or he needs to deduct at 10%?
Please reply at the earliest.
Anubhav
(Chartered Accountant)
(429 Points)
Replied 10 May 2016
Hi,
TDS onn rent paid to NRI will be covered under Sec 195, since 194I covers payment to resident only.
In case of any further query contact at anubhav.jain @ skparekh.com
Anubhav Jain Direct Tax - SKP
(Views expressed are at the sole discretion of the writer, and holde no responsibility of any damage to anyone)
CA Vinit Malani
(.)
(49 Points)
Replied 10 May 2016
Thank you for replying sir, I just want to know the rate applicable to him, is it 30.9% or 10%?
He is an NRI who is holding PAN. Please revert to the same sir at the earliest sir.
CAclubindia
