SAANVIKALEGALASSOCIATES
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https://www.saanvikalegalassociates.com
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Rent Paid to NRIs-Is TDS to be Deducted / TDS/ ren...

Rent Paid
2023-03-14T09:47:14
Saanvika Legal Associates
Rent Paid to NRIs-Is TDS to be Deducted / TDS/ ren...

Rent Paid to NRIs-Is TDS to be Deducted / TDS/ rent paid to NRI/ TDS deducted/ Rent/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. TDS (Tax Deducted at Source) is to be deducted from rent paid to NRIs. The tenant is responsible for deducting TDS at the applicable rate, which is currently 30%. The tenant should deduct TDS and deposit it to the government account by the 7th of the following month and file TDS returns with the income tax department. Also, according to Section 197 of the Income-tax Act, 1961, the income tax assessing officer has to be satisfied that the total income of the recipient of such income justifies the deduction of income tax at any lower rate, or no deduction of income tax, as per the respective case. So, if as a landlord you fall below the exemption limit and you think that you should be charged less TDS, then you should file an application to the income tax department addressing the assessing officer, and present your case with bank statements, income statements, and other necessary proofs. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting nocs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.

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