NRI monthly Rent Rs 7000/- Is there any Notified limit for NRI TDS.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 11 October 2018
There is no such prescribed threshold limit under the section 195, so TDS will be deducted from the entire amount/transaction/payment.
However, Under section 195(3), a non-resident can make an application to the income tax department for NIL deduction of Tax, if he/she fulfills certain specified conditions.
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