
TDS on Sale of Property by NRI: A Comprehensive Guide 🏡💰
Selling property in India as an NRI involves critical tax implications, especially concerning TDS (Tax Deducted at Source) under Section 195 of the Income Tax Act, 1961. In this comprehensive guide by C.P. Agrawal & Associates, CA Khushi Sharma, Senior Associate, explains the nuances of TDS on property sales by NRIs. Learn about the correct TDS rates for Long-Term and Short-Term Capital Gains, the importance of obtaining a TAN (Tax Deduction Account Number), and the necessity of forms like 15CA & 15CB. The guide also covers how NRIs can claim refunds on excess TDS and leverage exemptions under sections 54 and 54EC.