I am purchasing a property from a NRI for 87.5 lacs. How much TDS percentage (under sec 195) needs to be deducted before making the payment? Is the surcharge applicable for property > 50lacs? or is it applicable if > 1cr?
Is it 22.88%? (20% + 10% surcharge + 4% cess) or
Is it 20.8%? (20% + 4% cess)
Thanks,
Leo.
CAclubindia
