Lower TDS Certificate LTDC for NRI

 lower deduction certificate for tds LTDC.

If you buy a Property from Non Resident NRI, you have to deduct 12.5% plus cess surcharge on the Sales Considerations Amount. It will block working capital of seller  huge amount in TDS.

Therefore, seller can apply for Income Tax Department Assessing Officer for Lower Tds Certificate.

Once AO issue Lower TDS Certificate, the buyer can deduct on lower rate and file TDS Return in Form 27Q in section 195 of the Income Tax Act, 1961.