TDS on immovable Property
This query is : Resolved
05 December 2019
Dear Experts my relative is NRI and wants to purchase Vacant Site in India. Seller is also NRI in such case What is the percentage of TDS? (Seller holds the property more than 10 years). Is there any Surcharge applicable.? Whether We Deduct TDS on Each Installments and paid to Income Tax Department.? Please give valuable Feed back in this regard. Thanks in Advance.
05 December 2019
If NRI selling property , buyer need to deduct TDS
In case of long term @ 20% + Surcharge + cess (more than 2 years)
in case of short term @ 30% +surcharge + cess
You need to deduct and pay for each installment.
Please check DTAA provisions also.
In case of long term @ 20% + Surcharge + cess (more than 2 years)
in case of short term @ 30% +surcharge + cess
You need to deduct and pay for each installment.
Please check DTAA provisions also.
05 December 2019
Sir Short term applicable to 30% TDS ?
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