TDS ON IMMOVABLE PROPERTY FOR NRI
This query is : Resolved
02 March 2021
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.
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.
15 March 2021
Yes. NRI need to hold a PAN. Deduct TDS @ 0.75% upto 31-03-2021. Thereafter 1%.
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