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TDS ON IMMOVABLE PROPERTY FOR NRI

This query is : Resolved 

Hi,
One of my colleague was planning to buy immovable property from NRI.
Required your help whether tax to be deducted or not, if the sale consideration is paid to his Indian bank account.

Yes. NRI need to hold a PAN. Deduct TDS @ 0.75% upto 31-03-2021. Thereafter 1%.



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