Hello,
I have one Query, if NRI (Individual) sells his property in india, whether TDS is dedcutible on sale consideration by purchaser or any other?
If yes, please give details. Thanks..
Menu
Sale of Property by NRI, TDS?
Replies (2)
TDS is inapplicable on sale and purchase, however during the permission stage of CIT for transpfer of property , the authoriy may issue instructions to deposit the tax at the time of registration, against the application made for permission by the seller.
TDS shall be applicable u/s 195 to the buyer.
The buyer should deduct TDS or ask NRI to obtain lower deduction certificate from ITO.
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
