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  5. What are the TDS of buying property for an NRI?

What are the TDS of buying property for an NRI?

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  • K Offline
    K Offline
    Krishna
    wrote on last edited by
    #1

    As an NRI, what's the procedure for buying property in India? Has anyone done this? If yes, then how did you handle the 12.5% TDS and getting a TAN for payment?

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  • S Offline
    S Offline
    Siddarth
    wrote last edited by
    #2

    NRIs can buy a property in India, and it's totally legal, but 12.5% TDS applies in that situation.  Get a TAN (Tax Deduction Account Number), which is mandatory. You can apply for TAN online through the NSDL website (Form 49B). All these procedures will take around 7-15 working days.

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