Is TDS shall be deducted and paid by the NRI who is purchasing a property from a Resident??
Kindly advise.
Dharam Jilka (Finalist ) (96 Points)
21 December 2013Is TDS shall be deducted and paid by the NRI who is purchasing a property from a Resident??
Kindly advise.
Mihir
(Wealth Manager)
(5293 Points)
Replied 21 December 2013
TDS is to be deducted at 1% if the property value is above 50 lacs.
Dhruvi N suthar
(Account Executive)
(303 Points)
Replied 21 December 2013
Yes NRI must have to pay if he/she falls under the levy of TDS
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