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Home / Finance / Taxes / What will be the TDS on the purchase of a flat in Bangalore by a joint owner from NRI?
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What will be the TDS on the purchase of a flat in Bangalore by a joint owner from NRI?

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Bangalore
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0 2023-09-28T13:09:38+00:00
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The standard TDS rate on the purchase of property from an NRI is 20% of the sale price. There can be a lower rate if the NRI qualifies for it under a Double Taxation Avoidance Agreement (DTAA) between India and the NRI's country of residence.

However the

joint owners need to obtain a Tax Deduction and Collection Account Number (TAN).

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Mahi Tiwari

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