NRI Immovable Property sale, TDS on sale of property by NRI. Lower Rate

Changes by Finance Act 2024, in respect of sale of property by Non-resident or Resident in india. What is long term capital gain, what is short term capital gain its depend upon period of holding. Rate change to 12.5% without indexation, relexation only given to Resident Individual or HUF not for Non Resident. If you buying property from NRI high Tax rate is applicable, even in order to save tax NRI can apply low / lower rate of tax certificate from income tax department. Suppose you buy from NRI a property at Rs. 4 crorek, you have to deduct tds 15% on entire value of Rs. 4 crore. Not on 15% capital gain. Hence TDS in this case Rs. 60 lakhs, hence in order to get relief by NRI he has to apply lower rate TDS deduction certificate from income tax department or form 15CB from a Chartered Accountants. #form15CB, #form15CA, #lowerratetds. . Read more globaltaxation...
#NRITDS, Tdsonpropertysale, #nonresidentTDS,#form15CB,#tdsonforeignremittance
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