Tds on purchase of property from resident and non resident
This query is : Resolved
13 June 2019
Mr.A and Mr.B are joint holders of the property where in Mr.A is a Resident Indian and Mr.B is Non Resident as per Income Tax Act
Property is Purchased by Mr.X for Rs.70 Lakhs out of this Rs.42 Lakhs is to be paid to Mr.A and Rs.28 Lakhs is to be paid to Mr.B Non Resident.
Kindly guide me on deduction of TDS on the above transaction, let me know the rates of TDS and amount to be deducted
and
to my knowledge TDS on Resident is 1%
help me for Non resident TDS whether @ 20.8% or 22.88%
and how to do the TDS Compliances
for Resident have to file form 26QB
and for Non resident - TDS Return
or Both Under Qtrly TDS Return
Property is Purchased by Mr.X for Rs.70 Lakhs out of this Rs.42 Lakhs is to be paid to Mr.A and Rs.28 Lakhs is to be paid to Mr.B Non Resident.
Kindly guide me on deduction of TDS on the above transaction, let me know the rates of TDS and amount to be deducted
and
to my knowledge TDS on Resident is 1%
help me for Non resident TDS whether @ 20.8% or 22.88%
and how to do the TDS Compliances
for Resident have to file form 26QB
and for Non resident - TDS Return
or Both Under Qtrly TDS Return
14 June 2019
Any Suggestions on the Above Query..
27 September 2021
TDS rate for NRI will be 20.8% without surcharge, provided LTCG; otherwise 31.2%.
Both TDS can be reported under quarterly return.
Both TDS can be reported under quarterly return.
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