Скачать или смотреть TDS for NRIs special: TDS on property transactions of NRIs

Whenever an NRI is selling a property located in India, such sale transaction is subject to TDS irrespective of the value of the sale transaction.

Unlike in the case of resident Indians, where TDS is applicable only when transaction value exceeds Rs. 50 lakhs, in NRI transactions, TDS is applicable from Re. 1.

The NRIs are subject to a higher rate of TDS while selling property. Where the capital gain is long term in nature, the applicable TDS rate is 20% + surcharge and cess, whereas the same is 30% + surcharge and cess where the gain is short term in nature.

This is just TDS and not the actual tax liability. Appropriate refunds can be claimed by the NRIs by filing tax returns.

Know your taxes well, and be a Fintelligent Tax Payer.

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Edited on : inshot

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