Feedback

TDS Rate



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

 
Reply   
 

For long term capital gain 20% plus cess.


Total likes : 2 times

 
Reply   
 
Assistant Manager - Accounts

Refer to the below mentioned link:-

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

 

Regards

Piyush Tanwar

9717468521

 

 


Total likes : 1 times

 
Reply   
 
Student CA Final

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!

Total likes : 4 times

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU