Tds on sale of property by nri to indian resident
This query is : Resolved
05 October 2012
Suppose Non Resident Indian sales the House property to Indian Resident. Whether Indian Resident has to deduct TDS while making the payment towards purchase consideration to NRI . Please Guide us.
05 October 2012
Yes the Indian resident has to deduct TDS @ 20 % on the LTCG(assuming LTCG) arising to Non-resident.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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