https://www.taxtmi.com/article/detailed?id=9862 TDS on immovable property requires buyers to deduct tax at source and deposit it with authorities; NRIs face a higher withholding rate. Where TDS would exceed actual liability, taxpayers may apply for a Lower Deduction Certificate permitting lower or nil deduction; applications are filed online in the prescribed form with documentary proof and reviewed by the assessing officer. A granted certificate fixes the TDS rate for the relevant financial year, is downloadable from the tax portal, and prevents fund blockage and the need to file returns solely to claim refunds. en-us Wed, 23 Jun 2021 10:01:16 +0530 Wed, 23 Jun 2021 10:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9862 TDS on immovable property requires buyers to deduct tax at source and deposit it with authorities; NRIs face a higher withholding rate. Where TDS would exceed actual liability, taxpayers may apply for a Lower Deduction Certificate permitting lower or nil deduction; applications are filed online in the prescribed form with documentary proof and reviewed by the assessing officer. A granted certificate fixes the TDS rate for the relevant financial year, is downloadable from the tax portal, and prevents fund blockage and the need to file returns solely to claim refunds. Articles Income Tax Wed, 23 Jun 2021 10:01:16 +0530 https://www.taxtmi.com/article/detailed?id=9862