Sec 194IA TDS on sale of immovable property

This discussion clarifies the application of TDS on the sale of immovable property, particularly when the seller is a Non-Resident Indian (NRI). Section 194IA specifically applies to resident Indian sellers. For NRI sellers, especially concerning short-term capital gains, Section 195 of the Income Tax Act is relevant. The Income Tax Officer computes capital gains, and if a lower deduction certificate isn't available, TDS should be deducted at a higher rate on the entire sale proceeds.