Section 194LA: Payment in respect of compensation on acquisition of certain immovable property. 10% Section 194LBA(1): Certain income distributed by a business trust to its unitholder 10% Section 194LBB: Certain income paid in respect of units of an investment fund to a unitholder. 10% Sect...
The NRI is also allowed deduction for principal repayment under section 80C. Stamp duty and registration charges paid on purchase of a property can also be claimed under section 80C. A tenant who pays rent to an NRI owner must remember to deduct TDS at 30%. The income can be received to...
TDS stands forTax Deducted at Sourceis tax levied on any income or profit on periodic intervals by the Indian authorities. As per provision of the Income Tax Act 1961,income taxmust be deducted at origin or source before paying the accounting balance to the individual (payee). Moreover, ever...
NRIs Property Management, Value And Support Services – Consultant in Delhi India NRIs, who wish to come back to India to settle down at a later point of time, want to buy a good immovable property. Further, good appreciation, in property prices in a short duration NRI Property ...
21 Payment made on account of transfer of immovable property other than agriculture land. 194IA 50,00,000.00 1% 1% 20% 22 Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings 194IB 50,000.00 Per Month 5% 5% 20% 23 Payment of Professional Fees othe...