NRI Paying Rent? Here’s the New TDS Rules you Need to Know ! New section code latest update
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How to Pay NRI TDS from 1st April 2026 Income Tax Act 2025 Video
Summary
This video provides a comprehensive guide on the updated TDS (Tax Deducted at Source) regulations effective from April 1, 2026, specifically regarding rent payments made to Non-Resident Indians (NRIs). Key highlights include:
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No Minimum Threshold: Unlike rent paid to residents (which has a ₹50,000 monthly limit), TDS must be deducted on any amount paid to an NRI, regardless of how small.
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Tax Rates: The standard TDS rate is 30%, which increases when including applicable surcharges (ranging from 10% to 37% based on payment volume) and a 4% health and education cess.
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New Section Codes: Under the updated Income Tax Act, taxpayers must use Section 393(2) and the specific Section Code 1057 on the tax portal for these payments.
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Compliance: Renters must ensure they file the correct TDS returns (Form 144) and, for payments exceeding ₹5 lakh, obtain the necessary Chartered Accountant certificates for foreign remittance.
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Lower Deduction: NRIs have the option to apply for a lower or nil TDS deduction certificate, which the payer must then follow.
TDS on NRI Rent, Section 393 Income Tax Act, New TDS Rules 2026, Section Code 1057, NRI Rental Income Taxation, Form 144 TDS Return, Income Tax Act 2025 Updates, TDS Rate for NRIs, Foreign Remittance Rules, Chartered Accountant Advice, Tax Compliance India, NRI Property Tax, Section 393(2) Serial 17, Lower TDS Certificate NRI, Renting to NRI TDS Requirements
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