Tds on purchase of immovable property from nri

This query is : Resolved 

16 July 2013 A charitable Trust registered in India wishes to buy a plot of land in India which belongs to a NRI of Indian origin.Whether Besides TDS @20% U/S 115E, TDS @1% will have to be made under newly inserted Section 194-IA.What would be the rate of TDS if NRI doesn't have a PAN.

16 July 2013 NRI usually doesnt have pan but havr GRN number u can mention dat.

16 July 2013 Thanks Tushar sir, but can you pl throw light on tax deduction u/s 194IA.


16 July 2013 check the following link for more details.

https://www.caclubindia.com/share_files/complete-note-on-194-ia-of-income-tax-act-1961-57256.asp



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