Menu
Purchase of property from NRI
X a resident individual in india purchase a flat from N RI, worth ₹ 60 L, please let me know what are the tds provisions applicable for tds, rate of tds, section under which tds liability arise
Replies (1)
Tax need to be deducted @ 20.80% under section 195 on the amount of sale consideration. Purchaser need to apply for TAN and file tds return.
seller can apply for short deduction or nil tax to their respective assessing officer and give the certificate to purchaser issued by assessing officer
seller can apply for short deduction or nil tax to their respective assessing officer and give the certificate to purchaser issued by assessing officer
Recent Threads
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
Related Threads
CAclubindia
