The standard TDS rate on the purchase of property from an NRI is 20% of the sale price. There can be a lower rate if the NRI qualifies for it under a Double Taxation Avoidance Agreement (DTAA) between India and the NRI's country of residence.
However the
joint owners need to obtain a Tax Deduction and Collection Account Number (TAN).
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What will be the TDS on the purchase of a flat in Bangalore by a joint owner from NRI?
B Hari Shankar
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2023-09-24T19:15:06+00:00 2023-09-25T11:27:31+00:00Comment
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