u/local-variable-z — reddlx

How to TDS for purchasing a property from an NRI

Hi, I am planning to purchase a property from an individual NRI and I am trying to understand the end to end process for TDS deduction and payment. Here is what I have found out so far.

- Create a new TAN number as a buyer.

- deduct 12.5%+surcharge+cess from the total sale consideration.

- login to the income tax website using the TAN and make a TDS deposit under the appropriate section. This step doesn't mention anything about the seller PAN number or details.

- file quarterly form 144 and match TDS challan with the seller PAN and other details.

- share the details with the seller

I should be done here. Could someone please validate my understanding.

Thanks a lot.

reddit.com

u/local-variable-z — 4 days ago

▲ 9 r/hyderabadrealestate

3BHK flat in gated community near Kondapur

3BHK flat for sale in Bhanu township

Society details:

its a gated community property with 550+ flats spread across 7 blocks. It has clubhouse, swimming pool, Cricket pitch, badminton court, tiffin centre, grocery store, gym and kids play area.

Flat details:

Size: 1500 sft.

Config: 3BHK, 3 bedroom, 3 bathroom, 2 hall (1- dining, 1- living), 2 balcony.

Facing: West facing

Other details: corner and road facing property.

Floor: 4th floor (total 5 floor).

Furnishing:

It's a semi furnished flat with woodwork, geysers and 2 split AC.

Parking: Covered parking in ground floor.

Location: https://maps.app.goo.gl/vzzx3g5SnF28ZpLD6

Photos: https://photos.app.goo.gl/Lgru8crSU3cSGBQU9

Contact: whatsapp@ 9948439165

UDS : 30 square yards

Price: 90L

u/local-variable-z — 2 months ago

▲ 5 r/hyderabadrealestate

[For Sale]: 3BHK flat (semi-furnished) in a gated community, near Kondapur

*3BHK flat for sale in Bhanu township*

Bhanu township is a gated community with approximately 550 flats spread across 7 towers. It has club house with gyz, swimming pool,kids play area etc.