TDS from NRI

TDS is to be done as per provisions of Section 195

Answers to your 4 questions.

1) YES Buyer require TAN for deducting TDS( only aplicable to immovable property)

2) FOR Tds rates Refer section 195
there are 3 types of rates based on income
3) Need not required pan of seller, but required identity proof
4) optional

Where a property is purchased from NRI by a person resident in India, buyer shall have to deduct the TDS u/s 195 of the Act.

1. Buyer shall have to obtain TAN , it is mandatory.
2. Where the property held by the buyer for more than 2 years ( Long Term), tds shall be deducted @ 20 % which shall be further increased by applicable rate of surcharge and education cess. ( surcharge is subject to Marginal relief). In case the property held for less than 2 years ( Short Term), the tax shall be deducted as per the slab rate.
3. PAN of the NRI is not mandatory.
4. According to me, TDS deduction by only 1 buyer shall suffice.

What would be tds rate in pan available Case and PAN not available case because one seller has PAN available and one has not..