Tds on property purchase from nri

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sir, I will purchase Flat in pune from NRi in next week, so my query is what is TDS provision on this case and it is compulsory to seller to compute capital gain from AO.
Replies (3)

TDS u/s. 195 applicable. You will be required to obtain TAN.

If he gets cerificate from AO, it will reduce the TDS amount considerably. (even NIL)

May refer: https://www.charteredclub.com/tds-property-purchase-nri/

Thank you sir,

sir can he apply for capitl gain certificat by mail to AO because he is know out side India, if yes which document required to attached.

His authorized agent or CA can file application u/s. 197 with his Jurisdictional ITO along with all the details, manually; and has to be followed up.

Passport, PAN Details of property, capital gains work out, details of exemption claimed etc.

Refer: 1. https://www.nitinbhatia.in/real-estate/nri-lower-tds-property-sale/

2. https://www.charteredclub.com/income-tax-form-13-for-applying-for-nillower-deduction-of-tds/


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