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
CAclubindia
