If NRI sold the proerty in India, what is the rate of TDS applicable?
Who should make the application for Nil / Lower Deduction of TDS u/s 195 (2)? NRI or Buyer?
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Sale of property in india by nri
Replies (2)
Section 194-IA is not applicable if the transferor is non resident. Applicable rate of tds will be as per section 195. Seller i e NRI has to make an application for Nil / Lower Deduction of TDS u/s 197 and submit the certificate to the buyer for Nil / Lower Deduction.
I agree with Mr. Natraju's opinion.
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