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Tds 15ca

This query is : Resolved 

11 December 2013 3 qus.on residential flat purchase from NRI. 1. Tds to be deducted on sale consideration / capital gain. 2. rate of Tds 3. Is TAN no of purchaser is mandatory 4.can Tds paid by form 15ca along with return. 5. wow form 16 will be issue.

11 December 2013 1) Normally TDS is deducted on Total Sale Consideration (unless the BRI Seller Produces Low Deduction or No Deduction Certificate

2) Rate of TDS is 20%

3) The buyer has to apply TAN No pay TDS File Return, Generate TDS Certificate and after transaction is over surrender the TAN No

4)The purchaser has to pay net amount in local (INR) Account of the NRI Seller. He cannot pay in any other account (NRE/NRO) The seller at the time of taking away the money abroad has to file Form 15CA and obtain a Certificate in Form 15CB

5) Answered in point 3

Regards


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