TDS on Purchase of Property From NRI after 23.07.2024
This query is : Resolved
16 December 2024
What is rate of TDS on Purchase of Property from NRI Proposed date of purchase 20.12.2024
16 December 2024
If the holding of the property was more than two years, then 12.5%+surcharge + cess over the sale consideration; unless lower tax deduction certificate was obtained from seller's jurisdictional ITO.
16 December 2024
NRI selling property in the month of Dec 2024 which was purchased in the Financial year 2009-10 benefit of indexation while calculating capital gain available or to pay tax without indexation @ 12.5%
16 December 2024
Tax liability over NRI will be at 12.5% without indexation, but TDS is deducted over full sell consideration, unless the certificate obtained.
16 December 2024
Thank you very much for prompt reply
16 December 2024
You are welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Value of property in capital gain
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
