Tds on commission

is commission on sale of indian property taxable for a foreign broker if yes,

what is the rate of tds and how can he take benifits of this tax

Replies (1)

Yes, since the property is situated in India, this income will be taxable for the foreign broker. (Income deemed to arise in India Sec 9 of IT Act) While making payment to non residents TDS has to made under section 195 @ 30%, since separate rate is not specified for commission

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