Tds on property purchase from oci

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S SHAH (Querist)
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13 March 2019 If an Indian resident buys property in India from OCI holder then what is rate of TDS? It is under sec. 194IA or 195 ?

Bhaskaran Chackrapani Warrier (Expert)
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13 March 2019 195, because for 'financial matters' they will be considered as 'non-residents'.

S SHAH (Querist)
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13 March 2019 How to calculate TDS. If we are buying at 80 lacs & OCI i.e. seller has bought it for 60 lacs?

Dhirajlal Rambhia (Expert)
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21 November 2021 Deduct the amount over sell proceeds, unless any lower deduction of TDS certificate is brought by seller.

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