TDS Implication on sale of property by NRI

This query is : Resolved

Suresh S. Tejwani (Querist)
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14 February 2025 At which rate TDS need to be deducted on the above subject, Suppose I have made sale agreement of RS. 11,50,000 then how much TDS should be deducted and in which time it should be paid to the income tax department.

Also explain what are the tax implication in the hands of NRI.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 February 2025 sometimes I read these queries and wonder!

in absence of Lower tax deduction certificate, TDS applicable on the gross amount at the applicable tax rate - which varies based on whether the transaction is short term or long term. if it is long term - whether seller wishes to claim indexation or not.