TDS on Purchase of Property From NRI after 23.07.2024
This query is : Resolved
16 December 2024
What is rate of TDS on Purchase of Property from NRI Proposed date of purchase 20.12.2024
16 December 2024
If the holding of the property was more than two years, then 12.5%+surcharge + cess over the sale consideration; unless lower tax deduction certificate was obtained from seller's jurisdictional ITO.
16 December 2024
NRI selling property in the month of Dec 2024 which was purchased in the Financial year 2009-10 benefit of indexation while calculating capital gain available or to pay tax without indexation @ 12.5%
16 December 2024
Tax liability over NRI will be at 12.5% without indexation, but TDS is deducted over full sell consideration, unless the certificate obtained.
16 December 2024
Thank you very much for prompt reply
16 December 2024
You are welcome.
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