What is TDS rate on sale of immovable property by non resident having no PAN? property was held for more than 3 years
on filing form 27Q on traces it reveals that TDS has to be deducted @ 30percent
I have deducted @ 20 percent hence showing short payment of 10 percent
plzz explain ??
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TDS Rate on sell of immovable property by Non resident not having PAN
Replies (3)
Yes as PAN is not declared so for that higher rate has been charged
U/s 195
U/s 195
Any payment made to NRi , TDS is required to be as per 195. In the absence of PAN , rate in force is to be charged.
Rates in force is 20 percent (Long term capital loan)
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