MY QUESTION IS, THAT IN CASE OF SALE OF PROPERTY SELLER IS NRI AND HAVING PAN. IN THIS CASE TDS IS DEPOSITED U/S 194IA @ 1% OR U/S 195 @ 30.90%.
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Is tds u/s 194ia is applicable on nri
Replies (1)
For NRI sellers section 195 (ie. 20% or 30% ) will apply also the limit of Rs.50 lakhs is not applicable for NRIs. Refer Case law Syed Aslam Hashmi , under Banglore tribunal.
Also for NRIs TAN is mandatory and TDS return has to be submitted.In other cases no requirement for TAN & TDS return filing
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