PAYMENT TO NRI

Indian resident purchase indian property from NRI. so payee is NRI. Section 194IA and 26QB is therefore not be applicable. now ;

1. whether TAN is required by Purchaser for depositing TDS and filling 27Q. Yes

2. On what amount TDS is required to be deducted. Sales Consideration unless NRI provides certificate from Assessing Officer

3. Rate of TDS / SURCHARGE* ( IF ANY ).LTCG 20% Surcharge as applicable

Note: In some countries you can claim the benefit of DTAA and either avoid TDS or reduce the rate of deduction. So please refer the relevant DTAA.

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