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1% TDS on sale of property for NRIs

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4 comments

  • Avatar
    Saikat Mondal

    Hello, I am planning to purchase one property in Kolkata, WB, India from NRI seller.

    Actual Sale Price=INR 35,00,000 on Feb 2019
    Actual Purchase Price=INR 10,22,200 on 2011


    My Queries:

    1> Is TDS needs to be deducted on this transaction as property value is less than 50L INR

    2> If TDS needs to be deducted, what would be the calculation and TDS amount.

    3>  Is TDS needs to be calculated on actual sale value or on the capital gain.

     

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  • Avatar
    Jai

    Planning to buy property from NRI
    Seller is insisting to deduct TDS as per capital gain only
    What we should do?

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  • Avatar
    Anand

    In one of your other blogs, you had mentioned that TAN is not needed for TDS on sale of property. But this post contradicts. We are buying property from NRI. Is TAN mandatory?

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    noora khan

    very informative blog on NRI lower TDS certificate 

     
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