Payment made to non resident for purchase of property

TDS 601 views 1 replies

I am purchasing a property from a non resident.  The amount is to be paid in India in Rs. I know that while making the payment I have to deduct TDS u/s 195. However, TDS is to be deducted at what rate ????? Also is surcharge and education cess applicable ???? 

The person I have to make payment to has a PAN No. 

Also, since payment is to be made here in India....do I need to file form 15CA and 15CB ?????

is there anything else in this regard that needs special attention ????? 

Replies (1)

My views:

1. If property is in Indian, calculate capital gains tax and deduct the same. If same is not possible then deduct @ 30% u/s 195.

2. Surcharge/Cess may apply.

3. Form 15cb/ca complaince from a CA is required.

 

 

 


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