TDS Rate For Sale Of Immovable Property By NRI Within Short Term Period?

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the TDS rate applicable when an NRI sells immovable property within 24 months. It explains that without a Section 197 LDC certificate, the TDS rate is 35% plus surcharge and cess. The process of applying for a lower deduction certificate via Form 13 is also mentioned if the actual tax liability is less than the standard TDS deduction.

Bhauti Soni

Bhauti Soni (Querist)
Follow

07 March 2025 what is TDS Rate for sale of property by nri within 24 months? TDS rate for short term property sale by nri? At which tds rate tds should be deducted by buyer?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

07 March 2025 According to provisions of Section 197 under the Income Tax Act, If the taxpayer's actual tax liability is less than the amount of TDS that will be deducted from his income, then the assessee can file a Form 13 application with Income tax authorities to avail Section 197 LDC certificate as per the Rule 28 of the Income-tax rules. Without the certificate TDS rate u/s. 195 will be 35% + surcharge & cess.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

04 October 2025 Good luck...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now