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1% TDS on sale of property for NRIs

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    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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