TDS on immovable Property
This query is : Resolved
MANJUNATHA M.R
(Querist)
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.
MANJUNATHA M.R
(Querist)
05 December 2019
Sir Short term applicable to 30% TDS ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Rent agreement of House of deceased person
- IMS (import of goods) ITC related
- Gift to nri relatives resides in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- LLP audit and disclosure
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
