How to Deduct & Pay TDS on Sale of Property to NRI | Rate of TDS and Process of Filing Form 27Q
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- เผยแพร่เมื่อ 5 ก.พ. 2025
- 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
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Hi , does buyer need to deduct surcharge and cess on tds amount and fill in respective columns ?
Yes, the buyer needs to deduct surcharge and cess on TDS amount. These have to be filled in the respective columns during filing. If you require detailed assistance or any paid support, please feel free to visit www.taxaj.com.
Thank you so much sir. if there is no lower-tds-certificate then we will be paying for whole amount. still we hv to use 195 section or its direct challan 281?
Hi there, if there is no lower-TDS-certificate, you will have to deduct the TDS at the rates specified and pay it. Your transaction still falls under section 195, as it deals with TDS on Non-residential payments. Challan 281 is used for depositing TDS. I hope this helps! For more detailed guidance or if you need any paid support, please visit www.taxaj.com.
a buyer is purchasing a property from coowners- equally shared(1 is a NRI and other s resident)on 5th oct, total sale vale is 72lac, whether surchase applies? when to pay tds and when to file to file tds return? how much TDS required to be deducted
kindly help me on this sir
The Surcharge is not applicable in your case. For the purchase of the property, TDS is to be deducted at the rate of 1% if the seller is a Resident. However, since one of the sellers is an NRI, TDS would be deducted at rates varying from 20%-30% depending on the period of holding the property. The TDS deducted must be paid within 30 days from the end of the month in which TDS is deducted. You need to file TDS return in Form 26QB within 30 days from the end of the month in which TDS is deducted. For a more accurate calculation and professional assistance, feel free to visit www.taxaj.com.
i am an NRI seller whose buyer is not cooperating and may not file the 27Q form. He says that I should get a CA since it's my (seller's) money on the line. What are the legal ramifications of not filling out 27Q? I want to share those with my counterparty.
Hello,
It is indeed important for both parties to cooperate for a smooth transaction. As per Income Tax Act in India, if the 27Q form is not filed, it may lead to penalties for the buyer including substantial fines and potential legal consequences. As a seller, you may also face delays in processing your transaction or even suffer potential financial losses. It's always advisable to hire a CA to handle such matters as they can offer professional guidance and ensure all tax norms are complied with correctly, safeguarding your interests as an NRI seller.
Feel free to consult us further for detailed advice on this.
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Best Regards.
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.
NRI needs to have TAN. Do Follow us on Instagram for any further answers to your query or short informational videos: instagram.com/taxajca
Thank you so much!! This is great
Glad it was helpful!
thanks, very useful info
Hi there, we're so glad to hear you found our content useful! We're constantly striving to provide valuable and insightful information. If you enjoy our content, please consider subscribing to our channel to stay updated with our latest posts. If you need any additional support, feel free to reach us at 8802912345. You might also find helpful resources on our website www.taxaj.in. Thank you for your support!
For payment of TDS , i should login with TAN or PAN
Hi there! Whether you should log in with TAN or PAN to pay your TDS would largely depend on the specific regulations of your country or region. However, if you're looking for more personalized, expert guidance, please feel free to visit www.taxaj.com. We offer paid support services where our qualified professionals can guide you with this matter and any other tax-related concerns you may have.
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
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.
yes 30 days is usual timeline.
Should we create a new user id on income tax website using TAN number or existing user id with PAN can work ?
Existing user id with Pan will work
@@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?
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
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.
@@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?
Thank you for your prompt response sir!
Thanku so much sir.
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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.
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@@taxajca
Very very very thank you for your guidance.
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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?
by 31st after quarter end. e.g for apr to june its 31st JULY
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
Within 30 days
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%
20.36%
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 ?
No surcharge
Can you explain how to pay tds for rental paid to nri
sure will upload video for that
Sir i have filled 26qb insted of 27q and i got short deductions notice because inoperative pan how i can deal with this issue
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
@@taxajca thank you sir for valuable advice
Should CESS be paid if IT allowed 10% reduced TDS in Form 13?
Yes if its above the limit after reduction
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%???
10% because individual share is less than 1 crore
@taxajca is there a way to get this paid challan amount back?
no direct way
I had filed form 27q but how to download form 16
From Traces Portal
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How to deduct if there are 2 co-buyer and 2 NRI CO-sellers
File 2 separate forms
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
Income tax login and phone number isn’t required for payment of tds
Hi
yes