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Sale of property in india by nri

Krutika Khedkar (Chartered Accountant) (77 Points)

21 May 2015

If NRI sold the proerty in India, what is the rate of TDS applicable?

Who should make the application for Nil / Lower Deduction of TDS u/s 195 (2)? NRI or Buyer?

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2 Replies

Nataraju R (Proprietor) (22 Points)
Replied 21 May 2015

Section 194-IA is not applicable if the transferor is non resident. Applicable rate of tds will be as per section 195. Seller i e NRI has to make an application for Nil / Lower Deduction of TDS u/s 197 and submit the certificate to the buyer for Nil / Lower Deduction.