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Tds on purchase of property from NONRESIDENT INDIAN

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(Querist)
09 April 2024 Shyam has purchased property from NRI suraj for Rs. 4960000/-
does he have to deduct tds on such purchase from NRI
If so what is the rate of TDS.?
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
09 April 2024 unless there is a lower TDS deduction certificate, 20% plus education cess. Also, the buyer needs to obtain a TAN.

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