Every time a piece of property is bought or sold, TDS must be deducted. When the buyer pays the seller, a portion will be withheld (officially known as TDS) and the remaining amount will be paid to the seller. The purchaser would subsequently be obligated to deposit the sum that has been withheld by the purchaser with the Income Tax Department.
The amount to be subtracted would depend on the seller's residency status. If the seller is an NRI, the amount of TDS to be withheld will depend on the amount of money the seller received.
Legal solutions simplified: NoBroker, your trusted advisor.How much TDS will be deducted on the sale and purchase of a property for NRI can be understoo dmore clearly with the help of the following answers.
How much TDS on sale of property in India for NRI? How do you deduct TDS on purchase of property from NRI?Your Feedback Matters! How was this Answer?
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How much is TDS for NRIs?
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2023-07-09T12:10:32+00:00 2023-07-09T20:15:14+00:00Comment
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