Tds on property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2013
Please explain me what amount of TDS to be deducted if there are two seller one is Indian and other is Indian but holding passport of Overseas Citizen of India and property is already sold and TDS is deducted @ 1% can anyone explain the consequence and how can it we resolve the same and the seller (OCI passport holder) has applied for PAN Card but same is in process.
23 December 2013
If both seller are indian then tds needs to be deducted as applicable.
Nikhil Kaushik
(Expert)
23 December 2013
194-ia deduction shall apply to the consideration paid to the resident seller and 195 shall apply to non-resident
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