620+ Lawyers are online 
Tax on selling a property by a Permanent resident of Germany
05-Dec-2023 (In Tax Law)
I am an Indian citizen Hindu by religion. Presently I am a permanent resident of Berlin,Germany. I want to sell a property in Hyderabad. My question is " What would be TDS for the smae?
hi
in case of sale by NRI, the buyer has to deduct vide section 195 of income tax act 20.66% of sale consideration as TDS in case of short term capital gain or 33.99% of sale consideration as TDS in case of long term capital gain .
NRI has to subsequently claim TDS refund from income tax department .
please not section194 of income tax(1%tds) is not applicable to NRI
in case of sale by NRI, the buyer has to deduct vide section 195 of income tax act 20.66% of sale consideration as TDS in case of short term capital gain or 33.99% of sale consideration as TDS in case of long term capital gain .
NRI has to subsequently claim TDS refund from income tax department .
please not section194 of income tax(1%tds) is not applicable to NRI
Helpful?
Adv. Rajagopalan
Hyderabad | 500+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Tax lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
