Income tax reg
This query is : Resolved
S.Jegadeesan
(Querist)
06 May 2016
Dear Sir,
I need to clarify the following
If resident sale any immovable Property & its value exceeds Rs.50 Lakh then 1% TDS has to be made by the Buyer.
Suppose NRI sale any Property to an Indian then what rate of TDS will attract?
Is there any slab rate to deduct TDS on Payment (relating to Immovable Property) to NRI?
I need to clarify the following
If resident sale any immovable Property & its value exceeds Rs.50 Lakh then 1% TDS has to be made by the Buyer.
Suppose NRI sale any Property to an Indian then what rate of TDS will attract?
Is there any slab rate to deduct TDS on Payment (relating to Immovable Property) to NRI?
Amol S Joglekar
(Expert)
06 May 2016
it is covered by section 195. Payment to non resident.
https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
Message likes :
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Rupesh Jain
(Expert)
06 May 2016
then it cover u/s 195 tds will be deucted u/s 195. TDs @20% will applicable if PAN is not available with NRI.
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