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Should tds be deducted for property sold by nri ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2013 NRI is selling a property to Resident Indian.
Is the buyer liable to deduct TDS for F.Y. 2013-14?

If yes, What is the percentage of deduction & What is the monetary limit for such deduction?

Thank you.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
03 April 2013 Yes, buyer has to deduct @ 20% TDS u/s 195 at the time of payment to non resident.

There is no monetary limit.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2013 Thank u.

How TDS to be deducted, on whole consideration or on capital gains?
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
03 April 2013 On whole consideration.

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