ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)
08 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183191 Points)
Replied 08 July 2018
Buyer has to madatorily deduct TDS u/s. 195 of IT act, @ 20.8% over sale proceeds (here 45L), for long term holding i.e. 2 years of more; (or at 31.2% for short term holding); unless the seller obtains lower deduction certificate from his Jurisdictional ITO. & obtain TAN to deposit the TDS....
More :: tds-property-purchase-nri
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 08 July 2018
Please give duration of holding years of buy and sale
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