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Purchase of property in india of NRI

TDS 148 views 5 replies
hello everyone my question is under which law whether Indian or foreign tds is to be deducted on purchase of property of NRI in India.
Replies (5)

" ......which law whether Indian or foreign.........."

Indian.

Sir but my CA is saying that tds to be deducted @ 20% but as per Indian law it is 1 % only

"..........but as per Indian law it is 1 % only........."

My dear Article, As per INDIAN IT act, 1% is when the seller is indian resident; but when he is NRI, its @ 20% (INDIAN LAW ONLY) u/s. 195. Please check that
 

ok sir thanks for the advice

My pleasure. 

Good luck


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