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TDS

Direct Taxation

A NRI sale a property in India value below 50 lakhs. The buyer of the property will deduct the TDS?

Gobi k

CA Inter

★ 11K+

29-Dec-20 19:19

317

Answers (2)

Best Answer

When a resident buys property from an NRI, she/he must deduct TDS at 20% if the property has been held for more than two years and at 30% if the property is being sold within two years.

CA Suraj Lakhotia

Admin

29-Dec-20 21:20

CA Suraj Lakhotia Admin

When a resident buys property from an NRI, she/he must deduct TDS at 20% if the property has been held for more than two years and at 30% if the property is being sold within two years.

Thank you sir

Thread Starter

Gobi k

CA Inter

★ 11K+

29-Dec-20 21:26