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20% TDS to seller if NRI and Value above 50L?

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20% TDS to seller if NRI and Value above 50L?

Last updated: January 22 2015
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  • 20% TDS to seller if NRI and Value above 50L?

    I am planning to sell an apt and buyer said they will deduct 20% TDS on sale value. I have been paying taxes for last 10 years in India. Is there a way around it? I file taxes and sometimes my refunds never come. They are small amounts but 20% of this can be large. I want to avoid that.

    is there a way around it?

    THanks
  • #2

    #2

    Re : 20% TDS to seller if NRI and Value above 50L?

    yes you can apply to your assessing officer under Sec 195 for a lower deduction rate if you are planning to re-invest the amount in real estate, etc.

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    Tags: 20% 50l nri seller tds
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