While filing return Form 27Q data to be filled for the rate of deduction is 12.5% or effective rate 13% with cess.
TDS for immovable property purchased from NRI less than 50Lakhs.
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7223 Points)
Replied 06 January 2025
For TDS on immovable property purchased from an NRI, the rate of deduction is indeed 20%.
This is incorrect, as the cess is not applicable to the TDS rate in this case.
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