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Sale of property in india by nri

TDS 692 views 2 replies
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Chartered Accountant
77 Points Posted on 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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On 21 May 2015 at 17:34 Report
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Proprietor
22 Points Posted on 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.
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On 21 May 2015 at 19:08
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Article Assistant
33 Points Posted on 22 May 2015
I agree with Mr. Natraju's opinion.
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On 22 May 2015 at 14:30


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