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NRI TDS calculations

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(Querist)
14 April 2022 Namaste sir,

1) The government guidance value of Flat
at Bangalore is Rs 40 lakhs

2) But iam purcharsing Flat for Rs 25 lakhs

3) Since govt guidance value being 40 lakhs i need to register the flat for Rs 40 Lakhs by paying stamp and registration value for Rs 40 lakhs.

Now does NRI TDS should be calculated for Rs25 lakhs or Rs40 lakhs.

Because seller of the flat is NRI who lives in America

Regards
Narahari
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 April 2022 NRI tds has to be calculated for 40 lacs. 20% plus cess TDS applicable on 40 lacs.

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