13 July 2017
I am planning to buy flat from NRI for 1.1 crore in ahmedabad 9 year old. I read on internet that property purchased from nri attract tds of 20.66 percent to be deducted by buyer. However the seller is telling that tds will be 1percent only .Please advise what is the tds to be deducted. Also what are the other formalities required to be done in case of nri property.Thanks
CAclubindia
