Tds on purchase of property from nri
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2018
Dear Sir/Madam
Please guide me for TDS on purchase of property from NRI, whether I am liable to deduct TDS on such purchase of property from NRI & I does not have TAN no for deduction of TDS & if liable to deduct TDS than under which section within how much time I have to deduct & which returns to be filed for it. Kindly guide me full procedure in detail.
Please guide me for TDS on purchase of property from NRI, whether I am liable to deduct TDS on such purchase of property from NRI & I does not have TAN no for deduction of TDS & if liable to deduct TDS than under which section within how much time I have to deduct & which returns to be filed for it. Kindly guide me full procedure in detail.
CA R SEETHARAMAN
(Expert)
23 December 2018
TDS applicable under section 195. Deduct at the time of payment. TDS return 27 applicable. Work out capital gains tax and deduct it fully.
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