Information regarding tds for the sale of flat by an nri
Pratmit85
(Querist) 10 October 2017
This query is : Resolved
I would like to know if TDS is applicable for a flat sold by NRI for the sale price less than 50 lacs? Second question is: Can the entire TDS amount (deducted by the buyer) be claimed back by the NRI seller with his/her Income Tax return filing?
Rajendra K Goyal
(Expert) 10 October 2017
TDS has to be deducted as per capital gain (Long or short term whichever is applicable).
Discuss in detail with tax consultant.