Tds 194-ia rate

If payment is made to a Non-Resident then section 194-IA will not be   applicable. Rather section 195 will be attracted and TDS is required to be deducted @ 20%+EC&SHEC on the sale consideration.

Surcharge @ 10% will be applicable if amount paid exceeds Rs 1 crore. The limit of Rs 50,00,000/- is not applicable in case of payments made to NRI’s.

Thanks Mr. Aryan.

So payment made toward property above 1 crore to a resident does not attract surcharge, right?

In my opinion No surcharge on such payment to resident....