How TDS on purchase of property from NRI

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89 Points Posted on 12 April 2021
hello,

A is resident Indian purchases property from NRI. what will be TDs rate, and on what value it is to be calculated.

please give example for clarity.
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On 12 April 2021 at 16:24 Report
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Quick Summary
This discussion clarifies the Tax Deducted at Source (TDS) implications when an Indian resident purchases property from a Non-Resident Indian (NRI). TDS is applicable under Section 195 on the sale value of the property. It also addresses joint purchases, confirming that both joint owners are required to deduct and pay TDS, rather than one person paying the entire amount.

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Chartered Accountant
16188 Points Posted on 12 April 2021
TDS will be deducted u/s 195 on sale value
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On 12 April 2021 at 16:56
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89 Points Posted on 12 April 2021
Okay. if purchase made jointly by 2 persons , can 1 person can pay entire TDS? or both are compulsorily required to deduct and pay TDS?
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On 12 April 2021 at 17:04
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Chartered Accountant
16188 Points Posted on 12 April 2021
Both have to deduct TDS
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On 12 April 2021 at 17:39
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Article
89 Points Posted on 12 April 2021
Okay
thank you
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On 12 April 2021 at 17:40
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Chartered Accountant
16188 Points Posted on 18 April 2021
Your welcome
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On 18 April 2021 at 14:26

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