TDS on property sale by NRI

Unless the NRI seller obtains 'lower TDS deduction certificate' from his Jurisdictional ITO,  it is advisable to deduct 12.50% tax + surcharge+cess over total sell value, u/s. 195 IT act. (when purchased after 22.07.2024)

Thanks but the flat was purchased in 2006, so will the NRI get indexation benefit? There is no lower TDS rate certificate, so can TDS be done @ 20% after giving indexation benefit to NRI? I am keen to know about availability of indexation benefit after budget 2024.

Purchaser is concerned about TDS deduction rate. If Seller do not issue any Lower TDS certificate, he is liable to deduct TDS at prevailing rate, which is 12.5% over full sale consideration.

Yes, NRI seller can also get indexation benefit with 20% rate over LTCG, while filing the relevant return.

According to the regulations, the TDS return for Q3, which covers the period from October 1 to December 31, must be filed by January 31 of the following year.  Filing before the quarter-end may lead to errors or rejection. While it's technically possible to prepare and submit the return before the quarter-end.