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Are you an NRI planning to sell property in India? Don't miss this essential update on TDS rates post-Budget 2024!
In this video, we break down everything you need to know:
✅ How TDS works on property sales for NRIs
✅ Updated TDS rates effective from July 23, 2024
✅ Key responsibilities for property buyers
✅ Consequences of non-compliance for both buyers and NRI sellers
✅ Expert tips to optimize your property sale transaction
Key Highlights:
- New TDS rates explained
- Importance of disclosing your NRI status
- How to apply for Lower/Nil TDS deduction
- Potential pitfalls and how to avoid them
Whether you're an NRI seller or an Indian resident buying from an NRI, this video is a must-watch to ensure a smooth, compliant property transaction.
Don't risk penalties or legal issues - stay informed and make smart financial decisions!
0:00 Introduction
0:31 How does TDS on Sale of Property work?
1:24 Updated TDS Rate 2024
1:54 Things to Keep in Mind for NRI Sellers
3:00 If Buyer doesn't deduct TDS
3:44 Consequences for NRI Sellers
4:06 Measures to Take
4:45 Conclusion
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Disclaimer: This video is for educational purposes only and does not constitute financial or legal advice. Please consult with a professional advisor for your specific situation.
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