This discussion clarifies the process of deducting Tax Deducted at Source (TDS) when an Indian citizen purchases property from a Non-Resident (NR). It explains that while a Double Taxation Avoidance Agreement (DTAA) might seem relevant, it's often not applicable in this specific scenario. For long-term capital gains, the buyer must deduct 20% tax on the entire sale consideration, plus applicable surcharges and cess, even if the NR provides a Tax Residency Certificate (TRC).
28 January 2021
If Non resident person Sold property to indian citizen then at the time of payment by indian citizen how to deduct TDS while considering DTAA ?