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Tds on sale of immovable property

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14 August 2018 Sir,
what is the applicability of TDS on sale of immovable property by a Non Resident to a Non Resident. whether the NRI is required to deduct TDS on this transaction ? Can I know the applicable sections ?

14 August 2018 In case of Long term CG If property value is less than 50 lakhs Tax 20% +4% Cess = 20.8%
If it is above 50 Lakhs Below 1 crore 20%+10% Sc+ 4% Cess=22.88%
If it is above 1 Crore 20%+15%+4%=23.92%

Short term Applicable Slab + SC+ Cess

30 August 2018 The above provisions are same for transaction between NRIs ? Or is it required to deduct TDS in this case, as both the parties are Non Residents ?


28 September 2021 Yes, even if the purchaser is NRI, he has to follow the same rules, if the property which he intends to purchase is in India.



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