TDS on immovable Property

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MANJUNATHA M.R (Querist)
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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.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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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.

MANJUNATHA M.R

MANJUNATHA M.R (Querist)
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05 December 2019 Sir Short term applicable to 30% TDS ?

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