Buying property from nri and capital gains is 0 - do i need to deduct tds

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employee
21 Points Posted on 07 July 2018

Hi, 

I am buying property from NRI. NRI brought Property for 6 Lakhs in 2008 and now planning to sell 11.5 Lakhs. As per Long term gains are 0. In this case do I need to deduct TDS from 11.5 lakshs? or Can I go for registration without deducting TDS ? . If not what should I do avoid TDS?

Thanks

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On 07 July 2018 at 07:45 Report
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SEO Sai Gr. Hosp.
212455 Points Posted on 07 July 2018

Unless the NRI Seller provides you 'NIL Deduction of TDS' obtained from his Jurisdictional ITO, you are liable to deduct tax on full sale value.....

Refer::   form-13-tds-deduction

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On 07 July 2018 at 08:22

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