Do we need to do net payment or gross amount to seller after tds at rate 12.5%
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Quick Summary
This discussion clarifies the process for Non-Resident Indians (NRIs) selling property in India. It addresses whether the TDS deduction at 12.5% should be applied to the net amount after deduction or the gross agreed price. Guidance is also provided on rectifying situations where the payment has already been made without the correct TDS application.