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TDS and GST on Rent from property for NRIs
Non-Resident Indians (NRI) who are letting out the properties in India have to know two basic tax information, namely Income Tax and GST
Income Tax / TDS / Withholding Tax – Suppose, an NRI let-out his flat in Koramangala to an individual for residential purpose on a monthly rent of Rs.35000. Should the tenant deduct tax (TDS/Withholding tax)? Or if an NRI let-out his commercial / industrial building to a company, should they deduct tax?