TDS Rate on sell of immovable property by Non resident not having PAN

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5 Points Posted on 31 January 2021
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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On 31 January 2021 at 12:43 Report
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This discussion clarifies the TDS rate applicable when a non-resident sells immovable property without a PAN. The standard rate for long-term capital gains is 20%, but if the non-resident lacks a PAN, the 'rate in force' applies, which is 30% under Section 195. This can lead to a short payment if only 20% was deducted, as shown on TRACES when filing Form 27Q.

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Chartered Accountant
24588 Points Posted on 31 January 2021
Yes as PAN is not declared so for that higher rate has been charged
U/s 195
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On 31 January 2021 at 14:29
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17269 Points Posted on 31 January 2021
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.
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On 31 January 2021 at 15:13
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5 Points Posted on 31 January 2021
Rates in force is 20 percent (Long term capital loan)
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On 31 January 2021 at 16:20

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