Tds on sale of immovable property

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saurabh (Querist)
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16 August 2017 Dear Experts,

We are buying property from 3 sellers , out of those 2 are NRI & one resident.My query is i should deduct 20.6% by taking TAN no. for both NRI's and for resident @1% by filling 26QB.

Is it right .can both NRI sellers get the certificate from ITO by computing capital gains and asking me to deduct at lower rate of tax. What document i need from them to deduct lower tds ??

Thanks in Advance

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 August 2017 Yes for your first question

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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16 August 2017 Yes both nri sellers can get the certificate from ITO requesting lower tds deduction. You need that certificate issued by ITO individually for both sellers

saurabh

saurabh (Querist)
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17 August 2017 thanks a lot sir for the help

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