Lower Rates of TDS

Lower/ NIL TDS for NRI Selling Property In India In the case of NRI, OCI and Foreign Resident, on sale of property in India, TDS provisions have been specified u/s 195 of Income Tax Act.

As per this section rate of TDS is 20% of sale consideration if the property is long term capital assets or it is 30% of sale consideration if the property is short term capital assets.

As against such proposition under the law, generally on all property sale transactions actual tax liability of the seller is lesser than the proposed TDS amount. To overcome blockage of funds, with tax department, income tax law provide for lower deduction TDS certificate also known as TDS exemption certificate u/s 197 of the Act. Such certificate can be obtained by way online filing of form No. 13 to the jurisdictional officer along with requisite documents.

We provide services to take Lower rate of TDS certificate from income tax department. It avoids hassles of getting huge refunds.

Our services

• Preparation & filling of application for lower TDS.

• Advisory services on Lower TDS rate.

• Services required by NRI in case of he is Buyer of Property.

Other miscellaneous services.