India, May 9 -- A Bengaluru landlord recently lost a confirmed tenant after a simple compliance issue spooked the deal. Once the tenant realised the owner was an NRI, he backed out, citing the need to deduct 30% TDS on rent and file it with the government himself, a process he didn't understand.
The issue gained attention after a Reddit post by a Bengaluru-based landlord described losing a tenant solely because of the tax deduction obligations attached to renting from an NRI owner.
"Found a great tenant for my Bangalore flat. We agreed on everything. Then he called back. Sir, you're an NRI, right? I have to deduct 30% TDS from your rent and file it myself with the government. I don't know how to do this. I'm out. Just like that. Gone. B...
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