Tds us 195
This query is : Resolved
05 December 2013
what is the rate of tds on purchse of property from NRI? is tds number require to pay tax by purchaser? in which challan / form use for such transaction?
05 December 2013
As per section 195 of Income Tax Act,“any person responsible for paying to a Non-Resident, not being a company or to a foreign company, of any interest or any other sum chargeable under the provisions of this Act (not being income chargeable under the head salaries) shall at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force”
Therefore TDS needs to be deducted at 20%.Tds is required to be paid by purchaser.
Therefore TDS needs to be deducted at 20%.Tds is required to be paid by purchaser.
07 December 2013
Thanks Annu ji. I already deduct TDS, PAN of both the parties myself and NRI Seller available. now, pls guide how to pay this TDS Amount to government?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Average Cost Of High Quality Diamonds
- Accounting with Claude
- Rental income of jointly held property
- ITR-3 File/Error Found
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
