TDS ON PROPERTY PURCHASED FROM NRI
This query is : Resolved
Suresh S. Tejwani
(Querist)
19 January 2024
UNDER WHAT RATE TDS IS REQUIRED TO BE DUDUCTED IF PROPERTY IS PURCHASED FROM NRI PARTY? AND WHETHER CESS & SURCHARGE WOULD BE APPLICABLE IF YES UNDER WHICH RATE?
AND SUCH TDS IS REQUIRED TO BE DEDUCTED ON SALE PROCEEDS OR CAPITAL GAIN?
AND SUCH TDS IS REQUIRED TO BE DEDUCTED ON SALE PROCEEDS OR CAPITAL GAIN?
CA R SEETHARAMAN
(Expert)
19 January 2024
TDS applicable for NRI at the rate of 20% plus applicable cess and surcharge on sale proceeds.
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