Hi Ushma Amazing short and informative video. Please do more of these kind of videos for NRIs in future. My question is: 1) Has the new LTCG and TDS for NRIs been 2) What is the effective date if it is already notified? Thanks Anil
@@GhaLib-tj2oj This video is to give basic idea abt changes in tds and capital gain rates after latest union budget.. For more details watch other videos available on the channel or book a consultancy at +91 9910075924.
@@james18450tds gets deducted at the time of sale on whole sale consideration.. After the end of f. Y, you have to file your tax return on the basis of your actual capital gain to claim refund of extra tds deducted.. Ultimately you are paying capital gain taxes only.. Pls take professional help Or connect me at +91 9910075924.
Hello Mam, I see few videos they say it is still 20% TDS for NRI on long term capital gains not 14.95% (Even if seller is NRI). Can you please recheck and confirm?
Ma'am, in my case, the value of the property is ₹2.19 crore, with 25% owned by an NRI and 75% by a resident. Should I consider the surcharge rate as 10% or 25%?
If i nri gift property to resident wife, is there any tds or capital gain tax? If nri gifts to resident wife and wife sells the property how tds and capital gain will be treated? Thanks
@@caushmajain I see few videos they say it is still 20% TDS for NRI on long term capital gains not 14.95% (Even if seller is NRI). Can you please recheck and confirm?
I am nri selling property for 45 lacs which is jointly owned with my father. So i am due to get 22.5 lacs only. I dont have any income in india. Will i still be taxed 13 percent? Can i get refund later even if its deducted
@@muthu375 hi, yes tds shall be 13% for you. You shall file your tax return on the basis of actual capital gain after the end of f. Y to claim extra tds deducted as a refund.
I am going to purchase a NRI Residential Flat, as the Sale Value is 1.7 Crore, so I should deduct 14.95% of the total Sale Value and deposit it with I. Tax Depptt. Waiting for an early reply.
Hi Ushma Amazing short and informative video. Please do more of these kind of videos for NRIs in future.
My question is:
1) Has the new LTCG and TDS for NRIs been
2) What is the effective date if it is already notified?
Thanks
Anil
@@anilparikh5439 Thanks. Yes, pls check Finance act 2024( no. 2).. Effective date is 23rd July, 24.
Some are saying tds rate on nri property has not changed even after budget 2024.
Please shed some light on it. Thanks.
@@tejasbatra7261 Yes, there is lot confusion around it.. Pls read page no. 121 of THE FINANCE (NO. 2) BILL, 2024.
@@caushmajainwhat is current and actual position
@sudhiryadav4955 as per my knowledge tds rates applicable for nris is 12.5%+ surcharge+edu cess.
Not explained clearly.
Do NRIs have to pay 14% TDS plus 12.5% LTCG?
Total 26.5% on the sale value?
As well as stamp duty ?
@@GhaLib-tj2oj This video is to give basic idea abt changes in tds and capital gain rates after latest union budget.. For more details watch other videos available on the channel or book a consultancy at +91 9910075924.
Did you ever clarification on your question. I am in same situation. Do we have to pay 14 percent TDS plus 12.5 LT capital gain
@@james18450tds gets deducted at the time of sale on whole sale consideration.. After the end of f. Y, you have to file your tax return on the basis of your actual capital gain to claim refund of extra tds deducted.. Ultimately you are paying capital gain taxes only.. Pls take professional help Or connect me at +91 9910075924.
I am an OCI living in India for more than 182 days in this financial year. Will I get indexation benefits for Capital Gain?
@@iyac3481 yes, you should get.
Hello Mam, I see few videos they say it is still 20% TDS for NRI on long term capital gains not 14.95% (Even if seller is NRI). Can you please recheck and confirm?
@@madusudannaidu2961 This is due to lack of awareness. I can't help it. Tds rate is 12.5 %+ surcharge+ edu cess if the seller is an nri.
@@caushmajain Thank you for clarifying. Much appreciated.
Ma'am, in my case, the value of the property is ₹2.19 crore, with 25% owned by an NRI and 75% by a resident. Should I consider the surcharge rate as 10% or 25%?
@@Vijayh-pm5vv 10%
If i nri gift property to resident wife, is there any tds or capital gain tax?
If nri gifts to resident wife and wife sells the property how tds and capital gain will be treated?
Thanks
Transfer of property to the resident wife just to avoid taxes is not advisable as it attracts clubbing provisions.
Thanks. What is tds on value 2.5cr.. is there another tds rates slab above 1cr.. can you confirm. Thnx
14.95%. Above 1cr, tds will be 14.95%
I'm an OCI, if i sell my property as an RNOR will i be able to claim Indexation allowance ?
@@mukundshah8466 Have to check facts of your case in detail. Most probably yes you can claim.
Also please tell if we can connect you for advice and you are from which city. Thanx
You can contact me at + 91 9910075924..we are based in navi mumbai, but location doesn't matter.
Yes, pls contact me at 9910075924
Mam TDS on sales of property above 50 lakh is 1 % only but you are saying 12.5% pls explain
@@sunilaravind2143 12.5% is applicable only if seller is an nri. 1% is for resident sellers.
@@caushmajain I see few videos they say it is still 20% TDS for NRI on long term capital gains not 14.95% (Even if seller is NRI). Can you please recheck and confirm?
I am nri selling property for 45 lacs which is jointly owned with my father. So i am due to get 22.5 lacs only. I dont have any income in india. Will i still be taxed 13 percent? Can i get refund later even if its deducted
@@muthu375 hi, yes tds shall be 13% for you. You shall file your tax return on the basis of actual capital gain after the end of f. Y to claim extra tds deducted as a refund.
I am going to purchase a NRI Residential Flat, as the Sale Value is 1.7 Crore, so I should deduct 14.95% of the total Sale Value and deposit it with I. Tax Depptt. Waiting for an early reply.
Yes