Calling of Application from Retired officers for the post of Member DRC, the last date of submission is 28.10.2023

Deduct TDS @ 20% on payments made to Non-resident for purchasing immovable property.

If the seller of an immovable property (other than agricultural land) is a non- resident, then the buyer is obligated to deduct tax @ 20% where the capital gain is a long term. The applicable rate of deduction of tax will be 30% in case the capital gain is short term. [Section 195].