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TDS on Property

vikram kerekar (1241 Points)

05 January 2018

i have purchase property from NRI person than tds form no 26qb is applicable or not.

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3 Replies

Prakash Timmapur (17 Points)
Replied 06 January 2018

50 Lakhs purchase valuable purchased it applicable.1% (Immoveable property,)

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vikram kerekar (1241 Points)
Replied 06 January 2018

i know but i have purchase property from NRI person than 26qb applicable or not bcz i Read it act 26 qb not applicable for NRI person. taken a TAN no and dedication a TDS but i have not any clerify so pls give me clarification all export...urgent

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (173421 Points)
Replied 06 January 2018

Yes, 26QB not applicable. Section 194IA not applicable, but TDS required to be deducted u/s. 195, while purchasing any immovable property from NRI. So TAN no is required.