Tds on purchase of property from NONRESIDENT INDIAN
This query is : Resolved
V Ishu Hegde
(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.?
does he have to deduct tds on such purchase from NRI
If so what is the rate of TDS.?
Nikhil Kaushik
(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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