TDS on property on NRI| Section 195! Tax Saving for NRI | Exemption for NRI | Lower Tax Certificate

Call 9319333248 for more Information! In this video Expert CA Sachin practically explained the following points.
1-Income tax and TDS provision for NRI & Non Resident for property sale.
2-Section 195 explained in details.
3-Long term capital gain and short term capital gain tax rate explained.
4-Which property and Income cover under section 195 for NRI.
5-Section 194IA applicable or not for NRI.
6-How apply for Lower tax deduction certificate for NRI online.
7-Documents require for Lower tax deduction certificate.
8-How NRI can save capital gain tax by further Investing capital gain.
9-How TDS deposit and issue form to NRI by buyer.
10-TAN mandatory or Not for TDS
11-Expert CA Sachin Advice for NRI and Buyer both.

[@bhargava11]

❤ Best video on NRI Selling property in India specially TDS deduction responsibility of buyer and not seller. Hats off Thanks

[@tamiltholaikatchi]

Does the seller still need to file ITR even though he has no other taxable income?

[@harendra22]

बहुत बहुत धन्यवाद आभार है सर आपका कि आप युवाओं को रोजगार के लिए मार्गदर्शन कर रहें हैं

[@atishbong]

Excellent Video Sachin Ji. 1 Question - For a property worth >50 lacs, what if the NRI owner has given Power of attorney to an Indian Resident and I have to pay to the Indian Resident? Do I deduct 24% or 1% TDS?

[@expertcasachin]

Doesn’t matter Treat as a nri 24% Or take lower tax certificates

[@expertcasachin]

Thanks for appreciating

[@RaviGidwani5]

Nice Video and explanation. Please try to cover NRI and rental income with 195. Also there are new 206AB and 206AA. How does these impact 195 for NRIs

[@expertcasachin]

Sure

[@hemantrk283]

Very good video. Complete clarity. Pls opine - buyer applies for TAN only for this transaction and complies with law during that year. Does he have to cancel TAN after transaction is over?

[@Ashwanisadana]

Sir Thanks for clarifying this complicated topic in simple way. I will have 2 question related nil tds certificate. Question 1: If I have intention to invest capital gain again on residential property to avoid capital gain tax then how can this be done during Form 13 filing because the property I want buy will only be possible when I get enough money from the sale of this one? Even if in your video your example you mentioned below 12% its hard to get but is there a way we provide some declaration or Sale agreement of new property i want to buy to save LTCG tax? Question 2: Is it compulsory to have Registered Sale agreement to be provided in Form 13 or Simple or Notarized Sale Agreement will also work?

[@expertcasachin]

Contact on 9319333248 we will help you

[@abhijeetamritkar3278]

Very Informative 👍

[@sharadjain588]

Hello Mr sachin,Many thanks for detailed video. I just want toclarify a discrepancy in your explanation and your calculation in your example given. The 24% TDS is applicable on Net capital gain/loss ,which in this case is 1.2 cr ,but in calculation of net tax rate ,you have used selling price of property,which is 2 crore ,but as per your explanation ,you should use the figure of 1.2 crore and calculate the 24% tax of this for TDS calculation. For lower tax rate deduction,what %of this net capital gain should be used for lower TDS calculation. Is it 12 %? Thanks

[@expertcasachin]

Lower certificates provided on sale value But rate calculated on capital gain Hope clear

[@chandrakalak.s3334]

Useful, well explained. Thank you sir.

[@kamleshparikh2456]

This means 48Lack in case of property value is 2CR.

[@rohuyadav]

Sir style mast hai aapka , lower deduction certificate me jo rate mentioned hoga uspe bhi surcharge and cess lagega while deduction by buyer?

[@expertcasachin]

Yes

[@half_story]

Shandaar sir❤

[@expertcasachin]

Thanks 🙏

[@harshmistry-lo5iu]

Hello Mr. Sachin. First of all, thank you very much for detailed video on this topic. Indeed, many NRIs are not aware of this process & they un-intentionally miss this point while planning to sell their property. I have a doubt. What if the long term capital gain after indexation comes to negative ? Does it mean there will be 0% TDS liability ?

[@expertcasachin]

No Tax liability zero But tds will be applicable u can apply lower tax

[@harshmistry-lo5iu]

@@expertcasachin Thanks for your response. I am little bit confused. Tax liability zero but TDS will be applicable ? I understood from the video that TDS will be applicable based on the capital gain & in my case there is no capital gain. So, why & how much TDS will be applicable ? I understand that I have to apply lower tax certificate which will determine that there is no TDS applicable. correct ? Thanks again.

[@tamiltholaikatchi]

@@harshmistry-lo5iu did you get the answer? If there is no tax then should we get nil tds certificate?

[@makshaikh4963]

Hello sachin what if buyer is paying the amount in local bank account which seller has in india and not nro or nri account. Can he go with 1% tds cutting

[@prasadkulkarni9280]

Nice video Sir... 2 querries.. 1. if the there are 2 buyers then each buyers has to deduct half the TDS 2. Can we pay such high amount of TDS like you have said 48L online?

[@expertcasachin]

1. yes each buyer half 2 yes can pay high amount But why not lower tax certificates we may give u 3 to 5% within a month

[@prasadkulkarni9280]

Thank you Sir for your reply. Actually I am the buyer. Will talk to the seller and get back to you. Thanks again.

[@FinWayOfficial]

sir main ek property buy karna chahta hu, seller bolta hai ki wo nri nahi hai aur 1% TDS deduct karne ko bol rha hai, lekin wo amount transfer ke liye Indian bank account na dekar NRO account de rha hai. Sir mujhe(buyer) ko kaise pata chalega ki seller nri hai ya nhi...aur agar main 1% TDS hi deduct karu to mere upar income tax ka kuch action hoga?

[@mastikakhazana1160]

Bahut he bhetreen

[@rajivnarula9854]

Really informative video Question: after receiving Liwer deduction Form 13, do buyer need to pay surcharge and cess , above Lower deduction amount ?

[@expertcasachin]

Yes

[@rajivnarula9854]

Wow, thanks for prompt reply

[@alkeshkapoor3481]

What is spa? Please tell how i purchase NRI property on special power of attorney, whether will of seller is also required. Please tell me. Thanks.

[@ranjit9177]

Nice

[@ranjit9177]

if property value more than one crore but Nri share below 50blacs then surcharge will apply?

[@kkjain3336]

Long term Capital gain - After 24 months right now if i am not wrong ? Why you said 36 months (3 saal se Jayda ) 4.50 minutes in video

[@ashokdoda4858]

IN CASE IF THE NRI RECEIVED PAYMENT IN INDIA WHEN HE IS REQUIRED TO FILE FORM-15CA/15CB

[@kausiksanyal3074]

thanks

[@expertcasachin]

most welcome

[@bhargava11]

What is the statutory law for TDS, Can the resident Indian (buyer) delegate the responsibility of depositing the TDS to the NRI (seller).

[@cavandanabhatia9157]

Very well explained Sir. I have 2 queries, please advice: Firstly, if we apply lower tax certificate online, do we still need to present physically in front of AO once? Secondly, if NRI's PAN is not migrated to international wing yet, do we need to first get the jurisdiction changed or can apply directly to current AO?

[@expertcasachin]

1. No need all work online now 2 no need for migration ITO WILL tf the file automatically even if he don’t do write a letter but at later stage

[@expertcasachin]

Thanks for appreciating 😎

[@cavandanabhatia9157]

@@expertcasachin You are welcome but this really deserves appraisal.

[@cavandanabhatia9157]

@@expertcasachin Thanks a lot for quick response.

[@gracymachado2450]

Mr. Sachin, In you vedio you are saying for 2 cr after index cost deduction the tax is 24lacs. But buyer is deducting tax at source on 2 cr. ie 46 lacs. Am I right? You are saying 24 lacs that is on 1.20cr. Long term capital gain.

[@anjalirajbhar7457]

Sir agar china hume service de raha hai tho uske payment me tds charges hoga ya nhi agar hoga tho kitne rate me hota Or payment to NRI ko tds me kuch exemption milti hai kiya

[@gagandeepjassal6994]

Sir A Query Sir in TDS return jab deductee ki detail dalna h to usme tds on it act and DTAA option aa rha h usme kya select karna h and Seller Canada me rehta h but unke indian account me amount daala tha To seller residents address canada ka dalna padega or india ka or dalna jaruri bhi h?

[@poojaa1]

Year 21-22 me nri hai but jan 2022 me permanently india shift ho gaye . Property sale hui last year father ki property father ne sale ki aur ab vo nahi rahe to baccho k nam pe sale considerations aaye h 4 baccho k bank account (resident account)me aaye hai to captain gain tax as a nri or resident it return file karna h other income share ki capital gain Bhi h

[@nishisharma6829]

Please make videos on share market

[@expertcasachin]

Next week

[@ankitgupta9268]

Thanks you sir

[@sourabhjain702]

Does an OCI holder living in India (more than 180 days) have to pay normal TDS like citizen or more TDS like NRI while selling property etc ?

[@shuaibkhan5936]

Hi! Im buying a house from a party (two partners) one is NRI (with 33% share) and the other is Indian (with 67% share), so the TDS for the NRI will be 20.8% or 22.88%? the agreement value is more than 50L but the share of the NRI is under 50L.

[@exploreexperiment5515]

Sir..who needs to calculate the capital gain in case of buying property from nri..is it buyer or seller...and how to calculate..who is authorised

[@expertcasachin]

Seller

[@rovin002]

Sir, excellent video. If a NRI acquires the property through inheritance( through parents) and he sells it would he still be paying a TDS ?

[@expertcasachin]

Yes

[@tamiltholaikatchi]

How will the capital gains be calculated? Will it be the difference between guidance value and sell price?

[@AshishGupta-jn1dq]

Whats the limit for joint selling prpperty?

[@expertcasachin]

Which limit pls explain properly ur question

[@rajeevsharma4043]

Sorry I meant what action can the NRI seller take against the buyer who is India resident

[@VikashKumar-hz2tq]

HI sir, very well explained. What will happen in case buyer don't deduct TDS and make full payment. Can NRI apply for TAN and deposit TDS amount to his PAN. so that he can repatriate surplus to his resident country

[@expertcasachin]

Yes can do but Apply tan of buyer

[@expertcasachin]

Or advance tax can also pay

[@VikashKumar-hz2tq]

@@expertcasachin Thanks sir for quick response After Advance tax payment by NRI himself, does he fill Part C of 15CA form or Part D.... pls assist

[@hindustani7566]

I am a buyer..purchasing property from NRI worth 65 lakhs which he bought for 50 lakhs 5 year back .Now how much tds i need to pay and it can done online or i need to visit CA?

[@csmb6353]

TDS on Ancestral Rural Agricultural Land by NRi?? Confusion weather 20% if long term or nil as rural agricultural land not a capital asset?

[@expertcasachin]

Dear need discussion with paper for advice contact on 9319333248

[@prakashchordia3899]

WELL EXPLAINED BUT IT VL BE BETTER IT UR voice is slightly loud.

[@kkjain3336]

the NRI husband previously purchased real estate in his wife's name. Afterwards, wants to sell house via POA. , will the buyer deduct TDS in the name of wife or husband as clubbing regulations will be in effect and capital gain should add in husband income how to demonstrate in ITR

[@expertcasachin]

Wife ka hoga jo bhi hoga

[@gs8942]

What if buyer does not wish to have TAN and seller is doubtful that Buyer would pay and issue him form 16B , and also that nri seller does not want to take money out of india rather invest in capital gain tax exemption 54EC bonds after registered sell ?

[@caabhisheksrivastava4740]

Thanks for this video. I have one query Incase of Non Resident transferring shares of an Indian Company to Indian Resident then TDS has to be deducted when there is Gain on Transfer. But if shares are transferred at Loss then TDS has to be deducted or not? Please confirm

[@saurabh_arora]

TDS is required to be deducted on capital gains and not on sale proceeds as claimed in this video. If there is no capital gain, TDS would not be deducted under section 195.

[@jeevanlingayat4934]

Seller residen t, purchaser by NRI, ye transaction me tds kitna hoga

[@kamleshparikh2456]

Sir, In the sale deed we need to show the amount of TDS deducted. So what amount of TDS we will show in the sale deed. because for getting a lower deduction certificate we have to provide a copy of the sale and purchase deed to the assessing officer.

[@expertcasachin]

Yes tds actual Amount will show

[@satpalazad4208]

If nri has indian resident Pan card , then can tds be deposited or nri has to change his pan

[@expertcasachin]

No need for pan change Just change residential status as NRI on e filings portal Tds as nRi kartega For more contact on 9319333248

[@avishsidhwani7714]

Hello Sir Sachin, I have few queries here. If there are 2 NRI sellers and 2 Indian buyer's co-jointly buying a property valued

[@expertcasachin]

50% each

[@avishsidhwani7714]

How about depositing tax if seller is asking to deposit under his PAN but not on his wife PAN as she hasn't contributed financially? Is it feasible ?

[@kapildhunna9623]

Do buyer need to obtain TAN and deduct TDS if NRI has long term capital loss ? NRI bought land and done construction and sold house whose sale value is less than cost of construction

[@expertcasachin]

Yes mandatory no matter loss or profit Contact on 9319333248 for complete process

[@Yashrock4u]

Sir, If Seller provide Nil tax Form 13 certificate then also TAN and TDS deduction is required?

[@caamanjotsinghsangha3087]

Nice video sir and detailed explanation too There is one query of mine sir if sale and purchase transaction is of RURAL AGGRICULTE LAND then will buyer be required to deduct TDS or not and other procedures

[@expertcasachin]

No tds dear In video explain this topic

[@expertcasachin]

Hope owner is Indian resident

[@caamanjotsinghsangha3087]

No sir (seller)owner of land is NRI and buyer is indian resident is there TDS applicable because sec 195 says deduct tds on income chargeable under the provision of this act

[@expertcasachin]

Still no tax dear but for money transfer need CA form 15 CA

[@expertcasachin]

For more discussion u May call on 9319333248

[@AzimSutaria]

Nice video, Already Property Sell ho Gaya h, And 20% TDS cut ho Gaya h, Woh wapas mil Sakta h ?

[@expertcasachin]

R u nri ??

[@expertcasachin]

Yes mil jauga

[@expertcasachin]

Contact on 9319333248

[@AzimSutaria]

@@expertcasachin how much is NRI IT filling charges ?

[@expertcasachin]

Drop ur no on [e-mail]

[@maxwellpateliya]

If NRIs old dastavej was 20 lacs and I m going to repurchase with new davstavej of 19 lacs . She has to pay TDS or no?

[@jagjitsingh1866]

How you said that only CA can file Form 27Q? is there need of any certificate or sign attention on form 27Q by a CA in this return.? Please reply

[@shortclear9675]

What are the consequences if we don't get certificate from the Dept. before transaction date ?

[@expertcasachin]

Actual tds rate will apply

[@rajivnarula9854]

Dear sir, Can we move our Indian income parked in NRO account to NRE fixed deposits using form 15Ca This will help in saving Tax

[@expertcasachin]

1 yes 2 need discussion

[@KumarNaman-m7x]

Sir property sale value is 1.2 Cr from nri, if 2 buyers jointly purchasing it, then individual 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 ?

[@expertcasachin]

Individual share will calculate

[@SumitGupta-qb3ew]

Sir challan kaise generate hoga

[@sonumahour8774]

Sir Tds Kaunse section mai Jama hoga

[@expertcasachin]

195

[@anilrupela2735]

Sir, I really liked the video. I have a query and my case is bit unique. In my case me and my wife ( buyers ) are buying property from seller( husband is NRI and wife claim to be Indian resident). So they are ready to cut 20.8 for husband(NRI) whose value would be less than

[@expertcasachin]

Visa and passport

[@expertcasachin]

Baki discussion se hi final ho payga

[@Ashwanisadana]

Sir if lower tax deduction certificate is not presented and in your example 48Lakhs are tds deducted from buyer side then also we can get tax refund of 48 Lakhs when we file tax return or not?

[@expertcasachin]

Yes

[@expertcasachin]

File itr

[@nikitanaik5527]

NRI want to sell his land in India worth Rs 1CR. Land is purchased 4 years back. How much tax he has to pay now. Please explain

[@sanjayrawatnoida]

❤

[@Indiangullycricketers]

Sir, I am buying one proerty from NRI. How long term short term is calculated like based on which date??Agreement of sale was executed on august 2020 between builder and NRI but sale deed completed in feb 2023. In this case, tds deduction is as per long term or short term??

[@expertcasachin]

Long term but advice hire ca for complete deal as income tax provision are different for NRI 9319333248

[@cajinangshah4947]

If there are 7 Buyers and 1 seller. If buyer is applying for Lower deduction then every buyer have to apply separately or one can ask for all. Thanks in advance.

[@expertcasachin]

It is applied by the seller always so only one U May contact us for lower certificates on 9319333248

[@ombansal1995]

Do you deal with the property in Jaipur? I am a NRI In UK

[@expertcasachin]

Yes u May contact for Valution itr lower certificates and all advice during sale purchase itr etc contact on 9319333248

[@caakashgupta7278]

If department issue lower TDS certificate @3% . So the buyer deducted the TDS @3% or include applicable surcharge and cess on above rate ???

[@expertcasachin]

3% plus surcharge and cess

[@surya.03]

Sir, I have a query. As you said It is mandatory for buyer to apply for TAN to deduct TDS. can I also deactivate or surrender TAN after deducting TDS on purchase of property from NRI? because once first TDS return is filed I become liable to file return regularly for every subsequent quarter even with declaration for NIL.

[@expertcasachin]

No need

[@rinkychawla6662]

Nice video... I am buying property from a NRI worth Rs. 80Lacs Agreement and advance of 11 lacs is already done, But they applied for lower TDS certificate after one month. How much amount I have to pay for TDS and rest amount. Also I opted 80% loan. I am worried now.. can u pls guide me

[@expertcasachin]

I need paper for correct working but On 11 lac 20% plus cross surcharge Rest on as per lower certificates

[@expertcasachin]

Advice you contact on 9319333248 or near ca as now ur working is on reversed situation

[@manjuwadhwa9927]

Hlo rinky

[@Akhilshukla25]

Hello Sir, Can Seller fill Form 60 instead of applying for PAN?

[@expertcasachin]

No

[@gagandeepjassal6994]

Sir 1 query h Ham NRI se property purchase kr rhe h registry value - 15lqc @tds20%- 3lac Net payment- 12lac But Registry 15lac ki h Payment 12lac ki ki h to registry me 3lac ke challan ki copy lagegi or 15 lac ki hi payment karni h 3lac pay krk unse pese reverse lene h

[@expertcasachin]

Yes kar Sakete hai

[@neena5334]

Thanks Sir for such h informative video. I actually paid Advance of 2 lakhs to NRI seller and then he applied for Low TDS certification and he got the certificate. Can you tell me what TDS% Should be paid on the advance payment of 2 lakhs, which was paid before the Certificate was received? And I didn't deduct TDS on this 2 lakhs.

[@expertcasachin]

2 lac Tds 20%

[@sulabhgrover5509]

Thanks @@expertcasachin for explaining it so beautifully. I also have a similar question. In my case I am a buyer and I paid 1 lac as token amount 2 months back but did not deduct any TDS. Now, the seller has got 3% lower deduction certificate so should I not be deducting 3% on 1 lac advance amount instead of 23.9%

[@kishorecoelho3186]

Would you be able to present this video in English. Thanks

[@rakeshashokan8189]

What to do in case if seller provides NIL certificate. Meaning the Rate is shown as 0.0 . So there is no need to cut any TDS?

[@expertcasachin]

No need

[@rakeshashokan8189]

@@expertcasachin Thank you

[@sunitabadal6880]

Hi sir , Need your help .. my husband and I jointly buying a property from NRI .. total agreed value - 2 Cr and 9 lac …. we had paid 2 lac at the time of MOU and then 3 lac at when Agreement done.. now the seller has applied LDS so rate has come 2% .. 1 - 1 % each for total Amt 2 Cr 7 lac. Not able to understand the calculation. Why it is on only 2 Cr and 7 lac .. y not on total Amt on which we agreed .. and also what will happen to the balance 2 lac .

[@expertcasachin]

Need discussion and paper for proper advice contact on 9319333248

[@sulabhgrover5509]

@sunitabadal6880 Could you please share if you got the right answer? I am also into similar situation and needs to understand this

[@bhargava11]

If the TDS is not deposited, who will be held responsible the NRI seller or the Resident Indian Buyer

[@mithunchawla]

Resident Indian Buyer

[@SachinPatel-tf8hx]

Hello Sir, Can i get interest on the excess TDS deduction, when i file IT return, if there is no capital gain? If yes , how much?

[@expertcasachin]

Yes 9% pa

[@maheshchimnani2305]

On the tan payment challan there is only detail of byear and till byear not filling tds return in faver of saller till that time what proof seller has ? Ki this amount belong to seller please replay

[@expertcasachin]

He will file tds return and issue form 16B which is proof

[@benjaminsanthosh5111]

I need some help - Say -- I purchase a land property, Seller is NRI (Citizen of US), I pay TDS of 20.88% as per Law.. but NRI is without PAN.. What is the procedure to be followed.? Kindly assist - thanks..

[@expertcasachin]

Same procedure as u mentioned

[@benjaminsanthosh5111]

@@expertcasachin Thank you sir for your response.. So i can pay TDS without NRI PAN card..?? Right..

[@Cookingwithnik001]

Hi Sir, I have one query.. if owner are more than one (2 in my case) 1 is NRI other is ROI, both are Mother and son.. On NRI share i am getting LOWER TAX deduction certificate from seller but for mother share seller (NRI) is demanding payment in his account instead of ROI co owner.. He is saying that his mother is gifting his share to him through gift deed hence mother share directly to be received by NRI is not subject to sec 195.. so shall i deduct TDS under 195 for the ROI share to be paid directly to NRI??

[@expertcasachin]

Pay to mother only they will settle internally In case of dispute between son and mother u will pay gain to mother she can claim so How u recover from nri Don’t accept Son request

[@PAWAN4777]

LTCG > 2 Years STCG < 2 Years

[@expertcasachin]

Yes right

[@PAWAN4777]

@@expertcasachin Hello, I am a journalist. I want your video byte on a taxation story.

[@expertcasachin]

Sir not understand?? Pls explain

[@Vij472]

Why Government of India targeting NRI for taxation when NRI is also serving India.

[@expertcasachin]

Dear not targeting It is provision of tax same as other country So just compliance and enjoy

[@Vij472]

@@expertcasachin Is their any logic.. it's huge discrimination against NRI. 22.94% against 1% ridiculous. Only u can enjoy such anamoly

[@sonumahour8774]

Sir TDS KAUNSE SECTION MAI DEPOSIT HOGA

[@pradeepkumarjha7170]

Hi sir, Nice video.. Just one question how tds is applied in case of 3 seller(mother,father and son) and if 2 seller(mother and father) is in india and son has moved abroad for work and has pan card in india. Father has GPA on behalf of son. All transactions will happen to fathers account.

[@expertcasachin]

In father and mother 1% tds no issue as per Indian For son tds rate is approx 23% so apply lower tax certificate

[@expertcasachin]

U May contact us for complete work including lower tax tds compliance itr filing remittances of money to outside and all

[@expertcasachin]

9319333248

[@pradeepkumarjha7170]

@@expertcasachin Thanks for replying sir. In this case, Is his son an NRI as per Law? he has not got NRI Status yet, he has indian PAN and went to US on work visa, does he still need to pay 23% tds?

[@expertcasachin]

Need to verify the details as per passport

[@dhiraj416]

There is surcharge of 22.88% for one of the slab.if advance TDS is deducted 22.88% and by investing in LTCG investment option we make LTCG 0 then we can take refund of all advance TDC by filing ITR but in this case what happen to additional surcharge 2.88%.is 20% or 22.88% TDS is refunded in case of if effective LTCG is NIL?

[@expertcasachin]

Yes refunded

[@dhiraj416]

@@expertcasachin thanks a lot for a great video and quick response which was very helpful

[@dhiraj416]

Can you pls help me if in case LTCG is NIL then all 22.88% money refunded including additional 2.88% surcharge deducted at source?

[@expertcasachin]

Will do don’t worry Contact on 9319333248 on 16 Aug

[@dhiraj416]

@@expertcasachin so 22.88% entire amount can be claimed in case LTCG is NIL...is my assumption from your comment right?

[@harendra22]

सर मेरी सुनवाई कब तक होगी प्लीज आपसे निवेदन है कि जितना जल्दी करेंगे सर उतना ज्यादा फायदा होगा सर एक बार फोन पर बात कर के आप मुझे सही सटीक समय बता दें सर , आप नाराज ना हो जाना सर मुझे आप पर इतना भरोसा विश्वास है जितना मेरे पिताजी दादाजी मां पर है

[@priyankshah9830]

Me and my wife decided to buy a flat costing 90lakhs in bangalore, I have made down-payment of 25 lakhs and 65 lakhs in form of loan which is disbursed dd is ready. I had no clue that TDS has to be deducted. I have still not gone for registration. What should I do? Please help

[@expertcasachin]

Tds pay and claim reimm from seller Then no issue

[@priyankshah9830]

@@expertcasachin thank you sir. Also do I mention the cheque number details in the sale deed of the tds amount that seller has given?

[@expertcasachin]

Yes will show

[@expertcasachin]

Yes negative main hoga vo so that amount total match 90 lac hope clear

[@priyankshah9830]

@@expertcasachin yes sir clear, my builder has sent the tds amount transfer to me I will make the tds payment in 1-2 days

[@lordofmedieval4061]

Sir if the if the transaction value of the property is more than 50 lakh and is bought in joint name under 2 TAN Number by single Seller who is an NRI than will the TDS percentage either 20 % as in single TAN it will be shown as 25 lakh each and the TDS percentage will be 20.60% or it will be 22.8%. Please confirm

[@expertcasachin]

Both tan 50.% each Rate 20% plus surcharge plus cess

[@expertcasachin]

But take proper advice with doc as nri is critical issue

[@kkjain3336]

Is Tan is compulsory for buyer ?

[@expertcasachin]

Yes

[@KPSeth]

Thanks I will contact you

[@expertcasachin]

Thanks 9319333248

[@anmol2409]

Sir needed help , I was looking for a property where there are two owner joint , one brother and another sister , as per sister brother lives in another state he has aadhar and pan and aadhar has same address of the property which we are purchasing , now as per Sister brother will give power of attorney and other legal deeds to sister so I can pay all amount so Sisters bank , am not sure if brother is NRI even he is not mentioning it , he says he can have 50% in his Indian Saving account , I'm having some confusion as I think his brother can be NRI , what can be done in such cases

[@expertcasachin]

I need discussion for facts so pls call on 9319333248

[@palabhishek1989]

Hello sir, i have purchased house furniture worth Rs. 50Lakhs from the NRI should I deduct TDS on this transaction?

[@expertcasachin]

Yes 20% plus cess

[@palabhishek1989]

Thank You Sir.

[@AnilAgarwalca]

If capital loss then what will implications

[@expertcasachin]

Still tds applicable

[@AnilAgarwalca]

@@expertcasachin I meant to ask, if nil tds certificate is issued by AO, then seller needs to file it return, buyer needs to obtain tan and file tds return??

[@expertcasachin]

Yes still file

[@sagarghadge9487]

Sir i have filled 26qb 1% instead of 27q and i got notice for short deductions for 19% please sir guide me for this issue

[@expertcasachin]

Contact on 9319333248

[@sagarghadge9487]

Not answering..

[@sagarghadge9487]

I have tried calling you.

[@junaidshaikh2011]

Sir if a person is on tourist visa and want to sell their flat in India they are outside India from last one year is tds applicable

[@expertcasachin]

Yes applicable But ask with near ca or us with doc On 9319333248

[@keralababu4191]

Sir I have 2 queries 1. My brother is NR with OCI holder. When he got PAN many years back status was of resident and address shown in India. Now he is NR and address is of abroad. Should he surrender this PAN and get new PAN or apply for correction in this PAN? 2. Property was acquired by mother in 2013 and inherited through registered will by brother in 2022. If he sells property now, Period of holding property for brother will be from 2013 or 2022, treatment of capital will be LTCG or STCG?

[@expertcasachin]

1 no need 2 2013 Ltcg But take proper advice from near ca or us at 9319333248

[@manshgupta8234]

TDS if both buyer and seller are NRI

[@expertcasachin]

No tds

[@Kumar49095]

Kush hua

[@aaryanaashish3361]

Sachin ji kal baat karna hai aap se important hai

[@expertcasachin]

Ok 👍🏻

[@aaryanaashish3361]

Sachin ji apki fees to kafi higher hai phone pe batane ka 5000 bohot jyada hai,, itne ke bad file karne ki fees hi hawa nikal degi😢

[@KPSeth]

CA Sachin ji I soon contact you on your phone & email both

[@expertcasachin]

Ok 👍🏻

[@manalibhagtani3932]

Some websites says surcharge is applicable at 25% & 37%. What's that?

[@expertcasachin]

Depend on income

[@expertcasachin]

1 Cr’ or 5 crore??

[@manalibhagtani3932]

@@expertcasachin Sale Consideration is 5.5 crores

[@expertcasachin]

Net sale consideration??

[@manalibhagtani3932]

@@expertcasachin Yes sir