kindly share the provision for the deduction of TDS on purchase of property from NRI. also is there any provision for deducting TDS at a rate less than 20%. If yes, what is the process?
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Quick Summary
This discussion addresses the Tax Deducted at Source (TDS) requirements when purchasing property from a Non-Resident Indian (NRI). It confirms that it is possible to deduct TDS at a rate lower than the standard 20%. The process for obtaining this lower rate, potentially through a 'DMOk' application, is also mentioned.