Should tds be deducted for property sold by nri ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2013
NRI is selling a property to Resident Indian.
Is the buyer liable to deduct TDS for F.Y. 2013-14?
If yes, What is the percentage of deduction & What is the monetary limit for such deduction?
Thank you.
Is the buyer liable to deduct TDS for F.Y. 2013-14?
If yes, What is the percentage of deduction & What is the monetary limit for such deduction?
Thank you.
03 April 2013
Yes, buyer has to deduct @ 20% TDS u/s 195 at the time of payment to non resident.
There is no monetary limit.
There is no monetary limit.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2013
Thank u.
How TDS to be deducted, on whole consideration or on capital gains?
How TDS to be deducted, on whole consideration or on capital gains?
03 April 2013
On whole consideration.
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