While filing return Form 27Q data to be filled for the rate of deduction is 12.5% or effective rate 13% with cess.
TDS for immovable property purchased from NRI less than 50Lakhs.
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8454 Points)
Replied 06 January 2025
For TDS on immovable property purchased from an NRI, the rate of deduction is indeed 20%.
This is incorrect, as the cess is not applicable to the TDS rate in this case.