TDS on sale of property
This query is : Resolved
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03 November 2020
sir,
please answer the following questions:-
1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.
2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)
Thanks in advance.
please answer the following questions:-
1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.
2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)
Thanks in advance.
CA R SEETHARAMAN
(Expert)
04 November 2020
In both the cases TDS 20% plus cess and surcharge applicable on sale value.
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CA R SEETHARAMAN
(Expert)
06 November 2020
Yes TAN is required...........
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06 November 2020
sir,
what is the procedure to get TAN and how much time does it take.
what is the procedure to get TAN and how much time does it take.
CA R SEETHARAMAN
(Expert)
06 November 2020
Apply online TIN NSDL it will take one day.
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