194ia - nri buyer

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Hello 

Could any one tell me IS 194IA is applicable for NRI Buyer.

Exp - NRI Buyer (NO PAN) & Seller is a resident. Value of Proerty 75 Lakhs.

Is NRI Buyer is to Deducted 1% TDS or pay full consideration?

Awaiting reply!!!!!!!!

Madhu

Replies (2)

Yes, NRI will have to deduct 1% from the sale price. 

Could please share any notification or cicular or any other matter which NRI has to deduct TDS.

 

 

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