Capital gain on NRI

[Tax Baniya]

An NRI sale a plot of land in India, buyers not deducted the TDS on that what are the consequence (interest, penalty etc) for the NRI

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

What is the value of the land? If the land is less than ₹ 50 lakhs no TDS is required.

AI Summary

TDS on NRI property sale: buyers must withhold tax only when consideration exceeds the statutory threshold. For sale of immovable property by a non resident, the buyer's duty to withhold TDS arises only if the sale consideration exceeds the statutory cutoff; where the consideration is below that cutoff, no TDS deduction by the buyer is required. The advisory response notes the threshold applicability but does not address interest, penalty, or other consequences for non deduction.