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TDS Rate

Poonam Lohiya (158 Points)

08 November 2018  

what is the TDS rate applicable for sale of property by NRI to resident individual?


 3 Replies

Utpal Das (owner) (269 Points)
Replied 08 November 2018

For long term capital gain 20% plus cess.

4 Like

Piyush Tanwar (Assistant Manager - Accounts)   (1332 Points)
Replied 08 November 2018

Refer to the below mentioned link:-

https://www.charteredclub.com/tds-property-purchase-nri/

 

Regards

Piyush Tanwar

9717468521

 

 

1 Like

Nitesh bind (Student CA Final ) (12692 Points)
Replied 08 November 2018

Dear Poonam,

When purchasing a property from NRI TDS is required to be deducted on capital gain and not on sale price. Therefore the Rates of TDS would be as follows:


If Property is Long term i.e. taken for more than 24 months then 20% (plus SC if applicable i.e. if Property value exceeds 50lakhs/1cr then SC @ 10%/15%) and EC.

If property is Short Term then @ Normal Income tax slab rate.

Thanks. Be helpful to One Another!
4 Like

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