Beware! Skipping TDS on Property Purchases from NRIs Could Label You a Tax Evader
Residential and Commercial Since 2010 Residential and Commercial Since 2010 Key Takeaways! Resident Rules: 1% TDS on properties over Rs 50 lakh under Section 194-IA—easy, but don’t slack! NRI Nightmare: 12.5% TDS (plus extras) on full sale value under Section 195—buyers need TAN and vigilance! Penalty Pain: Miss TDS, face 1-1.5% monthly interest and fines…