Q.1195 Tenant to withhold 5% TDS on rental of Rs. 50,000 or more

Question: Dear Sir, I found the following information on your website. TDS deduction when renting property owned by NRI The rules of Tax deduction at source {TDS) for rental property in India changed under the budget 2017 proposals. Effective June 1, 2017, Kindly reconfirm the date. Is it Jun. 1st 2017 or 1st Apr. 2017 Thanks Answer: The date June 1, 2017 as mentioned in the article your refer to is correct.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.1195 Tenant to withhold 5%

TDS on rental of Rs. 50,000 or

more

Question: Dear Sir, I found the following information on your website. TDS deduction when renting property owned by NRI The rules of Tax deduction at source {TDS) for rental property in India changed under the budget 2017 proposals. Effective June 1, 2017, Kindly reconfirm the date. Is it Jun. 1st 2017 or 1st Apr. 2017 Thanks Answer: The date June 1, 2017 as mentioned in the article your refer to is correct.
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