Tds on pyment to nri

This query is : Resolved

Pravin Prajapat (Querist)
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27 December 2012 A Resident of India bought a Property from NRI. which is Situated in India. as per provision this Resident assessee has to deduct TDS on Payment ..............?
How Much ....?

CA. shiv gourav

CA. shiv gourav (Expert)
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27 December 2012 resident has to deduct tds as per provisions of section 195 of income tax act,1961 at special rates given under sectION 115 I.E 10.30 %

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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26 May 2013 Sec 115 doesn't come into picture in case of sale of house property by NRI.

There the best course shall be to get the certificate from ITO otherwise deduct TDS @ 20.6% on the Capital Gain in case of Long term Capital Gain.

Anuj
femaquery@gmail.com

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