TDS surcharge rate on Property Purchase from NRI in FY 22-23

This discussion clarifies the TDS surcharge rate applicable when purchasing residential property from an NRI in FY 22-23. It addresses whether the Finance Minister's announcement of a maximum 15% surcharge on all asset classes, effective from FY 22-23, applies. The conversation also touches upon the distinction between Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) for NRI sellers, confirming that LTCG applies for properties held over 18 years, and calculates the potential effective TDS deduction rate.