Tds on purchase of property from nri

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sanjay (Querist)
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15 March 2018 Hello All
My client purchased a property from a NRI . He has to deduct TDS and to deposit the tax to Govt. I am not able to guide him at what rate he should deduct and which form we will choose for deposit the amount.
NRI Party has not having pan No also. Pl guide what documents required for doing so.
Regards

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 March 2018 Check whether the transaction is long term or short term capital transaction for the nri seller.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 March 2018 If Long term, TDS will be 20.66% of the sales consideration (not on capital profit but on Sales consideration).

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 March 2018 If short term, 33.99% of sales consideration will be tax deductible at source

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 March 2018 Buyer should have valid TAN

sanjay

sanjay (Querist)
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17 March 2018 Sir
Which form no should be filled
.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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17 March 2018 Form 27Q is the applicable form

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