Payment on TDS on Sale of Property - Form 26QB or Form27Q for people outside India

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  1. TDS

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    Last edited: Jul 17, 2016
  2. ZED

    ZED Well-Known Member

    • S.195 is applicable in this case because seller is non resident.S.194-IA is applicable when seller is a resident.
    • Tax is to be deducted u/s 195 and not u/s 194-IA.
    • The form you are using is for tax deduction u/s 194-IA.
    • The rate of TDS u/s 195 is to be increased by surcharge if the consideration is more than 1 crore and 3% cess is to be applicable (even if consideration is less than 1 crore).
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