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


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