NR taxation


This query is : Resolved 

Quick Summary
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 ?

28 January 2021 DTAA not applicable here. In case of long term capital gains deduct 20% tax Plus sc and cess applicable on entire sale consideration.

29 January 2021 Why DTAA not applicable? and also if NR provide Tax Residency Certificate (TRC) then in that situation what to do?

29 January 2021 In india for sale of property full capital gains tax payable TRC will not help in reducing tax.


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