If a person engaged in property management services, is collecting rent on behalf of Resident Owners & after deducting its management charges remitting the balance rent to owner.
Whether he can can be held liable for TDS compliance as Representative assessee or trustee of Resident Owner?
What will be the tax implications if the owner is Non-Resident ?
Property Managers Navigate Complex Tax Deduction Rules for Resident and Non-Resident Property Owners Under Section 195 A property management service collecting rent on behalf of property owners faces complex TDS (Tax Deducted at Source) compliance requirements. For resident owners, TDS liability typically remains with the tenant. For non-resident owners, the property manager becomes responsible for TDS deduction under Section 195, with potential additional obligations for commission and remittance reporting. (AI Summary)