TDS on purchase of Property above Rs.50 lacs..
If recipient is Non-Resident, is TDS provisions applicable or not??..
I hv read every where I'm getting TDS to be deducted on resident only..
If the immovable property is purchased from a Non-Resident Indian (NRI) then TDS has to be done U/s 195 (TDS Rate is at 20%+Education Cess) and not under section 194IA.
Sandeep Ji 30% TDS rate is wrong.
.
vishal goel is right. 20% + Cess applies
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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