How to Deduct & Pay TDS on Sale of Property to NRI | Rate of TDS and Process of Filing Form 27Q

Today in this video we shall be discussing How to Deduct & Pay TDS on Sale of Property to NRI | Rate of TDS and Process of Filing Form 27Q.
We shall also be covering the following topics:
-how to pay tds on sale of property for nri,
-how to pay tds on sale of property by nri,
-how to pay tds on purchase of property from nri,
-how to pay tds on property purchase from nri,
-how to pay tds online for property purchase from nri,
-how to pay tds on purchase of property from nri online,
-how to pay tds online for purchase of property from nri,
-how to deduct tds on sale of property by nri,
-how to avoid tds on sale of property by nri,
-how to deposit tds on property purchased from nri,
-how to file tds on sale of property from nri,
-do nri have to pay tds on property,
-how to pay 1 tds on property purchase online,
-how to file tds return on purchase of property from nri,
-how to pay tds on property for nri,
-how to pay tds on property purchase above 50 lakhs,
-how can nri deduct tds on sale of property
Hope you have liked the video where we tried our best to explain the concept in an easy language for you to understand. We, therefore, request you to Like, Share & Subscribe to the Channel as well so that you can be updated with all the latest videos on our channel.
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[@Thepassword1000]

Thank you so much!! This is great

[@taxajca]

Glad it was helpful!

[@kusumyogi4851]

Thanku so much sir.

[@taxajca]

Please subscribe us here and Do follow us on instagram.com/taxajca for short infomercial

[@kamnakulkarni9885]

Hi, if there are two owners (out of which one is the co-owner) and the property belongs to an NRI. In this case, is it mandatory for both the two co-owners to have the TAN or if owner has it and he makes the payment, it will suffice.

[@taxajca]

NRI needs to have TAN. Do Follow us on Instagram for any further answers to your query or short informational videos: instagram.com/taxajca

[@koustavmajumder2395]

If total sale consideration value is ₹1.1Cr, but there are two NRI co-sellers whom we will be paying ₹55 lakhs each. So the surcharge applicable while deducting TDS will be 15% or 10%???

[@taxajca]

10% because individual share is less than 1 crore

[@laxitkamdar1054]

Hi Sir, i am Indian buying property from NRI, urgent response needed before paying tds payment for purchase of property from NRI DOES IT Require FORM 15CA / 15CB before paying tds? Please reply i would be indeed helpful

[@taxajca]

Yes, for buying property from an NRI, you need to file Form 15CA and obtain Form 15CB from a chartered accountant before making the TDS payment.

[@laxitkamdar1054]

@@taxajca i consulted with a ca, the nri seller has nro account. Bank did not ask for 15ca/cb and ca also said 15ca/cb won't be required. Payment is done, is it correct?

[@laxitkamdar1054]

Thank you for your prompt response sir!

[@KumarNaman-m7x]

Sir property sale value is 1.2 Cr from nri, if 2 buyers jointly purchasing it, then individual buyers share will be 60K then what will be the surcharge added by each individual during tds ? Is it 10% as individual share is less than 1cr or 15% as total sales value is more than 1cr ?

[@taxajca]

No surcharge

[@vijaykodhandan23]

Can you explain how to pay tds for rental paid to nri

[@taxajca]

sure will upload video for that

[@suvechyachattopadhyay3930]

If a person deduct and pay TDS in a particular month eg. July. Then can he file 27Q before 1st October? What is the minimum no. of working days required between tds deposit and filing of 27Q?

[@taxajca]

by 31st after quarter end. e.g for apr to june its 31st JULY

[@cashubhamnanda2413]

One of my friend is going to buy a property from a NRI... Registry will be on 4th of April, but someone guided him that he should paid the tds amount to the department before registry as it's mandatory to attach a document of payment at the time of registry.... It it right? I don't think so and as per your video as well, it's incorrect as required to pay tds within 30 days of registry. Please guide

[@spillai6000]

Not a professional. I'm also buying from NRI in April. I'll pay a 5 days before registry. Challan number is required in Sale deed.

[@taxajca]

yes 30 days is usual timeline.

[@princenuna3339]

I am going to buy property from nri and registration of deed is scheduled on 27th nov. I got the TAN. When should i deposit the tax When should i file 27q

[@taxajca]

Within 30 days

[@AjayKumar-gu4er]

Hello Anan Sir I have paid my 1st installment on 23rd November 2023 and 2nd installment on 25th January 2024. I have yet not paid any TDS. Now can I pay TDS witout penalty. I have read that it is mandatory within 30 days after the end of month in which payment is done , there is penalty of Rs. 200 daily. Please clarify it.

[@taxajca]

In order to answer your queries or questions related to Finance, Taxation, Secretarial or Legal matters we can help you right away ✌️ Here’s the link to purchase and schedule appointment for the advisory session: bookings.taxaj.com/#/customer/taxaj

[@AjayKumar-gu4er]

@@taxajca Very very very thank you for your guidance.

[@taxajca]

TAXAJ Corporate Services LLP would love your feedback. Post a review to our profile. g.page/taxajca/review?gm

[@KumarNaman-m7x]

Should we create a new user id on income tax website using TAN number or existing user id with PAN can work ?

[@taxajca]

Existing user id with Pan will work

[@pranav8iitk]

@@taxajca : I logged in with my existing user id with PAN, but i did not see the option to deposit TDS under Section 195. Can you please guide/advise?

[@dmitri281]

Should CESS be paid if IT allowed 10% reduced TDS in Form 13?

[@taxajca]

Yes if its above the limit after reduction

[@darshannarkhede1249]

How to deduct if there are 2 co-buyer and 2 NRI CO-sellers

[@taxajca]

File 2 separate forms

[@raghunathareddy5483]

How NRI pays TDS (1% TDS) while buying a property in India? Because he has NO income tax login and no local phone number to create a account also. If phone no is not added to Aadhar even more problem

[@taxajca]

Income tax login and phone number isn’t required for payment of tds

[@sagarghadge9487]

Sir i have filled 26qb insted of 27q and i got short deductions notice because inoperative pan how i can deal with this issue

[@taxajca]

This happens when you don’t take professionals guidance and try doing the stunt yourself. Now keep on visiting income tax office to get it resolved

[@sagarghadge9487]

@@taxajca thank you sir for valuable advice

[@Sanatani_Jatin]

Sir, 6 sellers me se 1 seller 2021 me Dubai gya and ab NRI hai toh buyer ko 38lac ki deal me uske hisse k amount me se kitna percent TDS deduct karwana hoga... 1% ya phir 20%

[@taxajca]

20.36%

[@RupaliRathi-bz3xl]

I had filed form 27q but how to download form 16

[@taxajca]

From Traces Portal

[@taxajca]

Do Follow us on Instagram for short informational videos: instagram.com/taxajca

[@ddamitav]

Hi

[@taxajca]

yes

[@RohitYadav-vt8yp]

@taxajca is there a way to get this paid challan amount back?

[@taxajca]

no direct way