Tds on u/s- 195 on purchase of property from nri

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SIVA SHANKAR PANDA

SIVA SHANKAR PANDA (Querist)
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31 May 2017 Please help me out regarding rate of TDS on purchase property from NRI.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 May 2017 Full capital gains tax has to be worked out and deducted as TDS u/s 195.

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SIVA SHANKAR PANDA

SIVA SHANKAR PANDA (Querist)
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31 May 2017 In some sites i have been found tds rate u/s-195 is 20.66% whether it is correct.

1.If it is correct how it is computed??
2.If it isn't correct what is the tax rate & how it is computed??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 June 2017 It is right it is the rate for long term capital gains rate. You have to apply the rate on the capital gain worked out reducing the indexed cost of acquisition from the net sale consideration.

SIVA SHANKAR PANDA

SIVA SHANKAR PANDA (Querist)
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01 June 2017 Thank you ji,Please guide tax rate & how it is computed ??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 June 2017 Long term capital gains rate is 20.66%.
Use the link to calculate capital gain.
https://finotax.com/income-tax/cgcalc

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