TDS on payment to NRE account


This query is : Resolved 

Quick Summary
When making payments in Indian Rupees to an NRE account for land purchase in India, TDS is applicable. Form 15CA and 15CB are required. The TDS rate is 30% plus surcharge on the entire sale consideration, or 12.5% plus surcharge and cess if the PAN is available and the transaction falls under section 195 for non-residents.

(Querist)
03 February 2025 We had to make payment in indian rupees to NRE account for land purchase in india. What is rate of TDS? Whether 15CA is required?

04 February 2025 15CA and 15CB are required.
30% TDS plus surcharge applicable on entire sale consideration.

S SHAH (Querist)
05 February 2025 It is not under 195 LTCG 12.5%+surcharge+Cess ? If PAN available.

05 February 2025 It's under 195 TDS being non resident.
12.5% plus surcharge and cess applicable on entire sale consideration.


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