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Tds on payment made to nri 1.85L
i am purchasing land from nri for 1.85L .how much is the tds to be deducted by me for the transaction.pls repy..thanks in advance
Replies (1)
The buyer is liable to deduct TDS @ 20% +4% cess, if it was held for more than 2 year.
In case the property has been sold before 2 years, a TDS of 30%+ 4% cess shall be applicable.
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