TDS calculation for sale on property for an individual having RNOR status
This query is : Resolved
ieuser Outlook
(Querist)
18 December 2022
Dear Sir,
I plan to purchase a property from an individual having RNOR status. He is NRI returning home and is filing tax in India as RNOR. My question is: For TDS on sale of property should I consider him as NRI and deduct TDS at 22% or should I consider him as resident and deduct TDS at standard 1%? A swift response will be very helpful.
Regards,
Afaq Shaikh
I plan to purchase a property from an individual having RNOR status. He is NRI returning home and is filing tax in India as RNOR. My question is: For TDS on sale of property should I consider him as NRI and deduct TDS at 22% or should I consider him as resident and deduct TDS at standard 1%? A swift response will be very helpful.
Regards,
Afaq Shaikh
Dhirajlal Rambhia
(Expert)
18 December 2022
He is resident, TDS would be u/s. 194Ia, i.e. 1 %...
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